CALGARY, Sept. 16, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on October 15, 2019 in respect of September 2019 production, for the shareholders of record on September 30, 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, Aug. 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on September 16, 2019 in respect of August 2019 production, for the shareholders of record on August 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

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CALGARY, Aug. 12, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its financial and operating results for the quarter ended June 30, 2019.

MESSAGE TO THE SHAREHOLDERS

Q2/19 was an excellent quarter for Surge. Production and adjusted funds flow1 came in higher than analyst estimates2; and the Company’s bank debt, net debt1, operating expenses, transportation expenses, and general and administrative costs all came in lower than budgeted expectations3.

Production of … Continue Reading

CALGARY, July 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on August 15, 2019 in respect of July 2019 production, for the shareholders of record on July 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, June 17, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on July 15, 2019 in respect of June 2019 production, for the shareholders of record on June 30, 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, May 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on June 17, 2019 in respect of May 2019 production, for the shareholders of record on May 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, May 14, 2019 /CNW/ – Surge Energy Inc. (the “Company” or “Surge”) (TSX: SGY) announces that at its annual meeting of shareholders held on May 14, 2019 the following nine director nominees were elected: 

Votes For (By Proxy) 

Votes Withheld (By Proxy)

#

%

#

%

James Pasieka

107,607,731

95.01%

5,650,632

4.99%

Marion Burnyeat

112,102,139

98.98%

1,156,224

1.02%

Paul Colborne

112,323,061

99.17%

935,302

0.83%

Daryl Gilbert

110,601,571

97.65%

2,656,792

2.35%

Michelle Gramatke

112,116,954

98.99%

1,141,409

1.01%

Robert Leach

112,365,997

99.21%

892,366

0.79%

Allison Maher

112,126,104

99.00%

1,132,259

1.00%

P. Daniel O’Neil

112,520,319

99.35%

738,044

0.65%

Murray Smith

112,407,621… Continue Reading

CALGARY, May 8, 2019 /CNW/ – Surge Energy Inc. (the “Company”) (TSX: SGY) is pleased to announce that it has closed its previously announced convertible debenture financing with a syndicate of underwriters (the “Underwriters”), led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $34.5 million of convertible unsecured subordinated debentures of the Company (the “Debentures”), including exercise in full of the over-allotment option granted to the Underwriters (the “Over-Allotment Option”), at a price of $1,000 per Debenture, on a “bought-deal” basis (the “Financing”).

The net proceeds from the Financing were used … Continue Reading

CALGARY, May 6, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended March 31, 2019.

MESSAGE TO THE SHAREHOLDERS

Q1/19 was a solid “recovery” quarter for Surge, as the extremely weak Q4/18 Canadian crude oil pricing fundamentals quickly turned positive during the period. With crude oil prices averaging US $54.90 per bbl, Surge’s cash flow from operating activities increased eight percent as compared to Q4/18, and adjusted funds flow1 in Q1/19 increased by 570 percent to $41.9 million, as compared to … Continue Reading

CALGARY, April 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2019 in respect of April 2019 production, for the shareholders of record on April 30, 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, March 15, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on April 15, 2019 in respect of March 2019 production, for the shareholders of record on March 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, March 12, 2019 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce its operating and financial results for the quarter ended December 31, 2018, and its year-end 2018 reserves, as evaluated by Sproule.

Surge’s financial and operating results for the fourth quarter of 2018 include only a partial quarter of the previously announced Mount Bastion Oil & Gas Ltd. (“MBOG”) light oil acquisition, which closed during the fourth quarter of 2018.

MESSAGE TO THE SHAREHOLDERS

Overall, 2018 was a transformative year for the Company. Surge’s Q4 2018 production of 21,047 boepd … Continue Reading