Surge Energy Inc.

CALGARY, May 16, 2018 /CNW/ - Surge Energy Inc. 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 [...]

CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. is pleased to announce the execution of a formal purchase and sale agreement for the acquisition of high netback, waterflooded, crude oil producing 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 , with over 75 [...]

CALGARY, May 15, 2018 /CNW/ - Surge Energy Inc. 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 . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil [...]

CALGARY, May 8, 2018 /CNW/ - Surge Energy Inc. 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 [...]

CALGARY, April 16, 2018 /CNW/ - Surge Energy Inc. 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 . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil [...]

CALGARY, March 15, 2018 /CNW/ - Surge Energy Inc. 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 . Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil [...]

Surge Energy 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 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 [...]

CALGARY, Feb. 20, 2018 /CNW/ - Surge Energy Inc. is pleased to announce that the Toronto Stock Exchange 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 [...]

CALGARY, Feb. 15, 2018 /CNW/ - Surge Energy Inc. confirms that a cash dividend to be paid on March 15, 2018 in respect of February 2018 production, for the shareholders of record on February 28, 2018 will be $0.007917 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 [...]

Surge Energy announced the results of its independent reserves evaluation effective December 31, 2017, as prepared by Sproule Associates Limited .  Surge is pleased to announce an increase in the Company's year-end 2017 net asset value of more than 10 percent per share over 2016, to $6.06 per share. Sproule's 2017 year end price forecast has 2018 WTI crude oil prices below current average strip pricing for 2018. The [...]