Surge Energy Inc.

Surge Energy Inc. 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 . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused [...]

 Surge Energy Inc. 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 . 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 [...]

CALGARY, May 14, 2019 /CNW/ - Surge Energy Inc. announces that at its annual meeting of shareholders held on May 14, 2019 the following nine director nominees were elected:  Votes For   Votes Withheld # % # % 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 [...]

Surge Energy Inc. is pleased to announce that it has closed its previously announced convertible debenture financing with a syndicate of 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 , including exercise in full of the over-allotment option granted to the [...]

Surge Energy Inc. 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 [...]

 Moss Creek Resources Holdings, Inc. , a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $500.0 million aggregate principal amount of its 10.5% senior unsecured notes due 2027 in a private offering that is exempt from registration under the Securities Act of 1933, as amended . The Offering is expected to close on May 1, 2019, subject to customary closing conditions. The [...]

 Moss Creek Resources Holdings, Inc. , a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that, subject to market conditions, it intends to offer $500.0 million aggregate principal amount of senior unsecured notes due 2027 in a private offering that is exempt from registration under the Securities Act of 1933, as amended . The Notes will be senior unsecured obligations of the Company and will [...]

Surge Energy Inc. is pleased to announce that it has entered into a $30 million bought-deal financing of five-year convertible unsecured subordinated debentures with a syndicate of underwriters led by National Bank Financial Inc.. The Debentures will have a coupon of 6.75 percent per annum, and a conversion price of $2.25 per Surge common share . The Company has granted the Underwriters an over-allotment option to [...]

 Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company, today announced the drilling of the longest known lateral in the Permian Basin. The Medusa Unit C 28-09 3AH was successfully drilled to a total-measured-depth of 24,592 feet .  This record breaking well was drilled 100% in zone of the Wolfcamp A with a total horizontal displacement of 17,935 feet .  This is the longest [...]

 Surge Energy Inc. 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 . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs.  Management is focused [...]