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

CALGARY, Aug. 8, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2018.

Based on excellent development drilling results in all three of Surge’s core areas, together with successful waterflood results at Shaunavon and Eyehill, the Company’s Q2/18 production significantly exceeded management’s budgeted expectations.

In Q2/18 Surge’s production averaged 17,072 boepd (81 percent oil and liquids) – which is very close to the Company’s 2018 production exit rate guidance of 17,175 boepd. This exciting operational result was 10 percent above Surge’s budgeted expectations, … Continue Reading

CALGARY, July 16, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce the appointments of Ms. Marion Burnyeat and Ms. Allison Maher to the Board of Directors effective July 16, 2018. 

Ms. Burnyeat is an experienced businesswoman having spent nearly thirty years in the energy sector primarily with Spectra Energy Corporation and its predecessor companies.  She held increasingly responsible executive roles in leading Midstream business units, Strategic Development, Stakeholder Relations and Business Development.  In these roles she had responsibility for risk management, value creation as well as capital expansion projects and … Continue Reading

CALGARY, July 16, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2018 in respect of July 2018 production, for the shareholders of record on July 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, June 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces a correction to the dividend payment date for the June dividend. The payment date will be July 16, 2018, rather than the previously announced date of July 15, 2018 due to the date falling on a weekend. The record date is June 30, 2018.

Surge Energy Inc. previously confirmed a dividend of $0.008333 per share will be paid on July 15, 2018 to shareholders of record on June 30, 2018.

The dividend is an eligible dividend for the purposes of … Continue Reading

CALGARY, June 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2018 in respect of June 2018 production, for the shareholders of record on June 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, May 16, 2018 /CNW/ – Surge Energy Inc. (the “Company” or “Surge”) (TSX: SGY) announces that at its annual meeting of shareholders held on May 16, 2018 the following seven director nominees were elected:

Votes For

Votes Withheld

#

%

#

%

Paul Colborne

74,389,159

98.26%

1,313,598

1.74%

P. Daniel O’Neil

74,375,020

98.25%

1,327,737

1.75%

Robert Leach

74,027,426

97.79%

1,675,331

2.21%

James Pasieka

63,193,242

83.48%

12,506,515

16.52%

Keith Macdonald

74,025,720

97.78%

1,677,837

2.22%

Murray Smith

65,041,495

85.92%

10,661,262

14.08%

Daryl Gilbert

53,565,525

70.76%

22,137,232

29.24%

 

In addition, the shareholders also approved the appointment of KPMG Chartered Accounts LLP … Continue Reading