Surge Energy Inc. completes C$160M acquisition of Astra Oil Corp.

On August 18, 2021, Surge Energy Inc. acquired all outstanding shares of Astra Oil Corp. for C$160 million by way of a Plan of Arrangement.

Surge Energy Inc. is an oil focused E&P company that has crude oil reserve, production and cash flow base.

McCarthy Tétrault advised Surge Energy Inc. with a team led by Michael Bennett that included Niki Gill, Ashley Wilson, Sou Semalulu (Corporate/Securities), Mike Hegedus and Steve Marshall (Tax) and Jonathan Bitran (Competition).