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Chief Executive Officer of Surge Global Energy's Canadian Subsidiary to Speak at Oil Sands Summit in Canada

Posted on: Friday, 13 January 2006, 09:00 CST

Leigh Cassidy, CEO of Signet Energy, to Discuss the Sawn Lake Development at 3rd Annual Canadian Oil Sands Summit in Calgary, January 17-18, 2006

Surge Global Energy, Inc. (OTCBB:SRGG) today announced that Leigh Cassidy, Chairman and Chief Executive Officer of its subsidiary, Signet Energy Inc., will be presenting at the 3rd Annual Canadian Oil Sands Summit at the Metropolitan Centre in Calgary, Alberta, Canada, on January 17-18, 2006. For more information or to attend the conference please go to www.insightinfo.com. Other speakers include executives from Canadian Natural Resources (NYSE:CNQ), Chevron Lummus Global (NYSE:CVX), Encana (NYSE:ECA), Shell Canada (TSX:SHC), Synenco Energy (TSX:SYN), Opti Canada (TSX:OPC), Petrobank (TSX:PBG) and UTS Energy (TSX:UTS).

Mr. Cassidy will present Signet Energy's emerging developments of the Sawn Lake Peace River area, to a group of industry experts, government officials, and investors. His presentation will address the risks and rewards of oil sands development.

Prior to joining Signet Energy, Mr. Cassidy was instrumental in structuring and financing the successful Fort Hills Oil Sands Project as Chief Financial Officer and Corporate Secretary at UTS Energy (TSX:UTS).

"Given Leigh Cassidy's proven track record in oil sands development, his expertise is a perfect fit for the summit as he discusses Signet's progress at Sawn Lake," said David Perez, Chairman and Chief Operating Officer of Surge Global Energy. "The completion of the first horizontal well and the success in raising capital to continue the Sawn Lake drilling program represent the most recent strategic milestones accomplished by our subsidiary."

Background Information about the Sawn Lake Oil Sands Development:

Signet Energy Inc., formerly known as Surge Global Energy (Canada) Ltd., located in Calgary, Alberta, Canada, operating under a farmout agreement it entered on February 25, 2005 with Deep Well Oil & Gas Inc. and Northern Alberta Oil Ltd., is currently the operator of the Sawn Lake Oil Sands Development in Alberta, Canada.

The Sawn Lake Oil Sands Development has been estimated by two respected third-party petroleum engineering firms to contain a total of 820 million to 1.2 billion barrels of oil resource in place of which Signet Energy has a 40% working interest. The entire project consists of 69.5 contiguous sections covering 44,480 acres in the Sawn Lake area of Alberta, Canada. Other oil sands developments producing in the area include Shell Peace River (TSX:SHC) and Black Rock Ventures (TSX:BVI), which are within a 60 mile radius of Sawn Lake.

About Surge Global Energy, Inc.

Surge Global Energy, Inc. global headquarters are located in San Diego, California and its subsidiary Signet Energy, Inc, offices are located in Calgary, Canada. Lead by a strong management team of industry veterans in the heavy oil and gas exploitation, the company is now positioned through its subsidiary to develop oil sands leases in the Sawn Lake area of Alberta, Canada (Western Canadian Sedimentary Basin). Surge also holds a working interest in the Santa Rosa Dome project in Mendoza province of Argentina. For more information on the company please visit www.SurgeGlobalEnergy.com.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include the statements regarding the Company's expectations, hopes or intentions regarding the future, including, but not limited to, general economic conditions, market and business conditions; potential production and industry capacity and estimates. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. The factors that could cause our actual results to differ materially are the are discussed under the heading "Risk Factors" and in other sections of the Company's SB-2 filed with the SEC on December 30, 2005, the Company's Form 10-K for the 2004 fiscal year and in the Company's other periodic reports filed from time to time with the SEC. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.

Source: Business Wire

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