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

CALGARY, May 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce the execution of a formal purchase and sale agreement for the acquisition (the “Acquisition”) of high netback, waterflooded, crude oil producing assets (the “Assets”) in the Company’s core Sparky area of Central Alberta for a purchase price of $28.4 million, which is expected to close on or about May 31, 2018.

 Current production from the Assets is more than 620 boepd (83 percent oil), with over 75 percent of the production focused in Surge’s large original oil in … Continue Reading

CALGARY, May 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on June 15, 2018 in respect of May 2018 production, for the shareholders of record on May 31, 2018 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 8, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended March 31, 2018.  

Over the last seven financial quarters Surge has delivered consistent drilling results, production per share growth, and funds flow per share growth.  This consistent track record continued in Q1 2018 with the following production and funds flow metrics, as well as the other highlights from the quarter. All production and funds flow results in Q1 2018 are net of the sale of a non-core asset that closed on January 4, … Continue Reading

CALGARY, April 16, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on May 15, 2018 in respect of April 2018 production, for the shareholders of record on April 30, 2018, 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 … Continue Reading

CALGARY, March 15, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on April 16, 2018 in respect of March 2018 production, for the shareholders of record on March 31, 2018 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, March 14, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces its operating and financial results for the quarter ended December 31, 2017.

In Q4 2017 Surge’s average daily production of 15,675 boepd (81 percent oil and NGL’s) came in above the Company’s budget projections. The Company also exceeded management’s 2017 production exit rate target of 15,850 boepd. Surge has now increased production per share by more than 22 percent over the last six financial quarters, and revised upward production guidance four times (two times organically, and twice pursuant to accretive acquisitions in … Continue Reading

CALGARY, Feb. 20, 2018 /CNW/ – Surge Energy Inc. (“Surge” or the “Company“) (TSX: SGY) is pleased to announce that the Toronto Stock Exchange (the “TSX“) has accepted Surge’s notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX.

Surge believes that the market price of its common shares, in today’s current oil price environment, does not accurately reflect their underlying value, making the purchase of common shares an attractive investment and an advantageous use of Surge’s capital spending.  Surge’s new independently engineered total … Continue Reading