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

Date Closed

August 18, 2021

Lead Office



160.00 Million CAD

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).