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 [...]
Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company, today announced that it will hold a conference call to discuss its 2018 4th quarter and full year financial results on April 2, 2019, at 11:00 AM EDT . Hosting the call will be Dexter Burleigh, Chief Executive Officer; Phil Webb, Chief Operating Officer; Linhua Guan, Chief Business Development Officer; and James Welch [...]
Surge Energy Inc. 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 . 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. 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. light oil acquisition, which closed during the fourth quarter of 2018. MESSAGE TO THE [...]
Surge Energy Inc. confirms that a cash dividend to be paid on March 15, 2019 in respect of February 2019 production, for the shareholders of record on February 28, 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 [...]
Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company today announced preliminary 2018 results, 2019 activity guidance and management transition. Preliminary 2018 Results Q4 2018 production of 43.2 Mboe/d , up 38% vs Q4 2017; full year 2018 production of 40.3 Mboe/d , up 62% year over year Proved reserves as of December 31, 2018 of 271 MMboe , up 5% year over year For the [...]
Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holding Company, today announced that it will hold a conference call to discuss its preliminary 2018 results and 2019 capital plan and give a company update on February 14, 2019 at 10:00 AM EST . Hosting the call will be Dexter Burleigh, Chief Executive Officer; Phil Webb, Chief Operating Officer; and James Welch, Chief Financial Officer [...]
Surge Energy Inc. confirms that a cash dividend to be paid on February 15, 2019 in respect of January 2019 production, for the shareholders of record on January 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 [...]
Surge Energy Inc. announces that its Board of Directors has formally approved the Company's 2019 capital budget, production and operation guidance. Surge's 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend. 2019 GUIDANCE; Given the recent extreme volatility in both West Texas Intermediate crude oil prices [...]
Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company, today acknowledged that the press release made by its indirect parent, Shandong Xinchao Energy Co., Ltd. on January 4, 2019 relating to shareholder approval of a potential debt financing by the Company was a requisite approval by Xinchao shareholders in connection with its application to the relevant regulatory [...]
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