CALGARY, AB, Sept. 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on October 16, 2023, in respect of September 2023 production, for the shareholders of record on September 30, 2023, will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil … Continue Reading

CALGARY, AB, Aug. 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2023, in respect of August 2023 production, for the shareholders of record on August 31, 2023, will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil … Continue Reading

CALGARY, AB, Aug. 2, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce the Company’s financial and operating results for the quarter ended June 30, 2023.

MESSAGE TO SHAREHOLDERS

Crude oil prices softened over the course of the second quarter, with Western Texas Intermediate (“WTI”) averaging nearly US$80 per bbl in April 2023, and approximately US$70 per bbl in June 2023. Despite this drop in WTI pricing, Surge realized significant benefits from a dramatic tightening of Western Canadian Select (“WCS”) differentials, which averaged US$15.07 per bbl in Q2/23 – … Continue Reading

CALGARY, AB, July 17, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2023, in respect of July 2023 production, for the shareholders of record on July 31, 2023, will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil … Continue Reading

CALGARY, AB, June 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2023, in respect of June 2023 production, for the shareholders of record on June 30, 2023 will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs … Continue Reading

CALGARY, AB, May 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2023, in respect of May 2023 production, for the shareholders of record on May 31, 2023 will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs … Continue Reading

CALGARY, AB, May 10, 2023 /CNW/ – Surge Energy Inc. (the “Company” or “Surge”) (TSX: SGY) announces that at its annual meeting of shareholders held on May 10, 2023 the following nine director nominees were elected:

Votes For

Votes Withheld

#

%

#

%

James Pasieka

Marion Burnyeat

33,553,225

32,526,017

99.36%

99.28%

208,736

235,944

0.64%

0.72%

Paul Colborne

Daryl Gilbert

Michelle Gramatke

32,544,010

32,530,078

30,334,494

99.33%

99.29%

92.59%

217,951

231,883

2,427,467

0.67%

0.71%

7.41%

Robert Leach

Allison Maher

30,335,795

29,201,853

92.59%

89.13%

2,426,166

3,560,108

7.41%

10.87%

P. Daniel O’Neil

32,552,993

99.36 %

208,968

0.64 %

Murray … Continue Reading

CALGARY, AB, May 3, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce the Company’s financial and operating results for the quarter ended March 31, 2023, and an update on Surge’s latest drilling results.

Q1 2023 FINANCIAL & OPERATING HIGHLIGHTS

Q1/23 is the Company’s first quarter that includes the full impact of the strategic acquisition of high quality, core area assets from Enerplus (the “Acquisition”), which closed in late Q4/22. In Q1/23 Surge delivered an increase in production of more than 22 percent compared to Q1/22, with production increasing from 20,550 … Continue Reading

CALGARY, AB, April 17, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2023, in respect of April 2023 production, for the shareholders of record on April 30, 2023 will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs … Continue Reading

CALGARY, AB, March 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on April 17, 2023, in respect of March 2023 production, for the shareholders of record on March 31, 2023 will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs … Continue Reading

CALGARY, AB, March 8, 2023 /CNW/ – Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter and year ended December 31, 2022; its year end 2022 reserves as independently evaluated by Sproule Associates Limited (“Sproule”); and a new Total Proven Plus Probable (“TPP”) net asset value1 (“NAV”) of $22.37 per share.

Surge’s new year end 2022 Proved Developed Producing (“PDP”) NAV1 per share increased 107 percent from $3.51 per share on December 31, 2021, to $7.28 per share as independently evaluated by Sproule.

The … Continue Reading

CALGARY, AB, Feb. 15, 2023 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on March 15, 2023, in respect of February 2023 production, for the shareholders of record on February 28, 2023 will be $0.04 per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company’s defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs … Continue Reading