CALGARY, Jan. 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on February 15, 2019 in respect of January 2019 production, for the shareholders of record on January 31, 2019 will be $0.008333 per share. 

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading

CALGARY, Jan. 14, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces that its Board of Directors has formally approved the Company’s 2019 capital budget, production and operation guidance. Surge’s 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend.

2019 GUIDANCE; SUSTAINABLE PRODUCTION WITH FLEXIBILITY TO GROW

Given the recent extreme volatility in both West Texas Intermediate (“WTI”) crude oil prices, and Canadian crude oil differentials, Surge has reduced its previously-announced preliminary 2019 capital budget from $160 million to $135 … Continue Reading

CALGARY, Dec. 17, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on January 15, 2019 in respect of December 2018 production, for the shareholders of record on December 31, 2018 will be $0.008333 per share. 

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading

CALGARY, Nov. 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on December 17, 2018 in respect of November 2018 production, for the shareholders of record on November 30, 2018 will be $0.008333 per share.

The Company had previously announced that it anticipated increasing its dividend by 25% (from $0.10 per share annually to $0.125 per share annually) following the completion of the Company’s $320 million, accretive, light oil acquisition of Mount Bastion Oil & Gas Corp., which closed on October 25, 2018.  However, during … Continue Reading

CALGARY, Nov. 6, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2018.

FINANCIAL AND OPERATING HIGHLIGHTS

Three Months Ended September 30,

Nine Months Ended September 30, 

($000s except per share amounts)

2018

2017

% Change

2018

2017

% Change

Financial highlights

Oil sales

85,946

50,563

70 %

233,954

152,973

53 %

NGL sales

3,598

2,158

67 %

8,546

6,680

28 %

Natural gas sales

1,492

3,704

(60)%

3,920

11,995

(67)%

Total oil, natural gas, and NGL revenue

91,036

56,425

61 %

246,420… Continue Reading

CALGARY, Oct. 25, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce that it has successfully completed the previously announced acquisition (the “Acquisition”) of Mount Bastion Oil & Gas Corp. (“MBOG”) pursuant to an arrangement (the “Arrangement”) under the provisions of the Business Corporations Act (Alberta).

SPECIAL MEETING RESULTS; GREATER THAN 99% VOTE IN FAVOR

All of the issued and outstanding common shares of MBOG were acquired by Surge for aggregate consideration consisting of $145 million in cash and approximately 75.4 million common shares of Surge (“Surge Shares”). At the … Continue Reading

CALGARY, Oct. 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2018 in respect of October 2018 production, for the shareholders of record on October 31, 2018 will be $0.008333 per share. 

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading

CALGARY, Sept. 28, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that the joint management information circular (the “Circular”) and form of proxy with respect to the proposed plan of arrangement (the “Arrangement”) involving Surge and Mount Bastion Oil & Gas Corp. (“MBOG”) have been mailed to the Surge shareholders of record as of September 24, 2018. Surge confirms that the Circular and form of proxy can be accessed and viewed on the Company’s website (www.surgeenergy.ca) or on the Company’s profile on SEDAR (www.sedar.com).

A meeting of the Surge … Continue Reading

CALGARY, Sept. 17, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2018 in respect of September 2018 production, for the shareholders of record on September 30, 2018 will be $0.008333 per share. 

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading

CALGARY, Sept. 5, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) and Mount Bastion Oil and Gas Corp.  (“Mount Bastion” or “MBOG”) have announced that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of MBOG (“MBOG Shares”) by way of a statutory arrangement (the “Transaction”).

The Transaction is 11 percent accretive to Surge’s forecast 2019 adjusted funds flow per share1, and adds over 600 million barrels of net internally estimated light original oil in place (“OOIP”2), concentrated … Continue Reading

CALGARY, Aug. 16, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: “SGY”) confirms executive appointments.

On July 16, 2018 Surge Energy Inc. announced the appointment of two highly qualified businesswomen to the Board of Directors. This action served to diversify the Board of Directors through the addition of new skill sets and backgrounds.

As a further step in enhancing the leadership of the Company, Surge is extremely pleased to announce the addition of Mr. Jim Stannard to the executive team.  Mr. Stannard will join the Company on September 6, 2018 in the role of Executive Vice … Continue Reading

CALGARY, Aug. 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on September 17, 2018 in respect of August 2018 production, for the shareholders of record on August 31, 2018 will be $0.008333 per share.

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly … Continue Reading