CALGARY, Sept. 15, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on October 16, 2017 in respect of September 2017 production, for the shareholders of record on September 30, 2017 will be $0.007917 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. 15, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on September 15, 2017 in respect of August 2017 production, for the shareholders of record on August 31, 2017 will be $0.007917 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. 2, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended June 30, 2017.

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 Q2/17 production continued to exceed budgeted expectations.

In Q2/17 Surge’s production averaged 15,125 boepd (81 percent oil and liquids) – which is very close to the Company’s 2017 production exit rate guidance of 15,150 boepd. This exciting operational result was more than five percent above Surge’s … Continue Reading

CALGARY, July 17, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2017 in respect of July 2017 production, for the shareholders of record on July 31, 2017 will be $0.007917 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, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on July 17, 2017 in respect of June 2017 production, for the shareholders of record on June 30, 2017 will be $0.007917 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, 2017 /CNW/ – Surge Energy Inc. (the “Company” or “Surge”) (TSX: SGY) announces that at its annual meeting of shareholders held on May 16, 2017 the following eight director nominees were elected:

Votes For

Votes Withheld

#

%

#

%

Paul Colborne

88,721,556

98.44

1,409,567

1.56

P. Daniel O’Neil

86,475,272

95.94

3,655,851

4.06

Robert Leach

87,700,477

97.30

2,430,646

2.70

James Pasieka

71,577,794

79.42

18,553,329

20.58

Keith Macdonald

89,586,948

99.40

544,175

0.60

Murray Smith

87,622,468

97.26

2,468,655

2.74

Colin Davies

89,535,911

99.34

595,212

0.66

Daryl Gilbert

79,959,983

88.72

10,171,140

11.28

 

In addition, the issuance of common shares … Continue Reading

CALGARY, May 15, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2017 in respect of May 2017 production, for the shareholders of record on May 31, 2017 will be $0.007917 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 10, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2017.

Surge’s quarterly operating and financial results continue to exceed management’s budgeted expectations based on excellent drilling and waterflood results at the Company’s three core areas, rigorous ongoing cost cutting initiatives, and strategic capital allocation decisions designed to create balance sheet flexibility.

HIGHLIGHTS

Increased production per share in Q1 of 2017 by 8 percent over Q4 of 2016;

Q1/17 production of 13,866 boepd achieved management’s budgeted production estimates – without any

… Continue Reading

CALGARY, April 19, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces the acquisition (the “Acquisition”) of a low decline, high netback, waterflooded, crude oil producing asset in its core Sparky area of Central Alberta. In addition, Surge has acquired two net undeveloped sections in the Company’s core operated Eyehill asset (collectively the “Assets”). Surge has identified up to 29 low risk, development drilling locations on the Assets.

The purchase price for the Assets is $37 million, subject to standard closing adjustments. The closing of the Acquisition occurred on April 12, 2017 (the … Continue Reading

CALGARY, April 17, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2017 in respect of April 2017 production, for the shareholders of record on April 30, 2017 will be $0.007083 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, March 15, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the year and quarter ended December 31, 2016.

2016 – POSITIONED FOR OUTPERFORMANCE

Management has been strategically positioning Surge for success in a lower crude oil price environment for over 30 months. In the extended downturn for world crude oil prices, Surge focused on creating financial liquidity, balance sheet management, rigorous cost cutting initiatives, delineation of the Company’s high quality, large OOIP crude oil reservoirs, and the implementation of successful waterfloods. All of these steps were … Continue Reading

CALGARY, Feb. 23, 2017 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) announced the results of its independent reserves evaluation (the “Sproule Report”) effective December 31, 2016, as prepared by Sproule Associates Limited (“Sproule”). 

Surge is pleased to announce an increase in the Company’s year-end 2016 net asset value (“NAV”) of more than 12 percent per share over 2015, to $5.47 per share.

The Company also reported that its 2016 capital program resulted in a finding, development and acquisition (“FD&A”) cost of $3.74 per barrel of oil equivalent (“boe”), on a total proved plus probable basis, including … Continue Reading