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 [...]
EnerCom's Texas-based oil and gas investment conference—EnerCom Dallas—will kick off on Feb. 21, 2018. EnerCom Dallas will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as energy experts and analysts who will discuss global energy trends and projected economics of the industry in 2018 and 2019. EnerCom Dallas Conference Dates and Location [...]
CALGARY, Jan. 15, 2018 /CNW/ - Surge Energy Inc. confirms that a cash dividend to be paid on February 15, 2018 in respect of January 2018 production, for the shareholders of record on January 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 [...]
NEW YORK, Jan. 12, 2018 /PRNewswire/ -- Moss Creek Resources Holdings, Inc. , a wholly owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $700.0 million in aggregate principal amount of its 7.500% senior notes due 2026 in a private offering that is exempt from registration under the Securities Act of 1933, as amended . The Offering is expected to close on January 18, 2018, subject to [...]
CALGARY, Dec. 15, 2017 /CNW/ - Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2018 in respect of December 2017 production, for the shareholders of record on December 31, 2017 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 [...]
CALGARY, Dec. 13, 2017 /CNW/ - Surge Energy Inc. announces that its Board of Directors has formally approved Surge's 2018 capital expenditure and production guidance. APPROVED GUIDANCE FOR 2018; CAPITAL EXPENDITURE BREAKDOWN Pursuant to a Press Release dated October 26, 2017, Surge provided preliminary capital expenditure and production guidance for 2018. In 2018 Surge now anticipates spending $98.75 million of total [...]
CALGARY, Nov. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has closed its previously announced Convertible Debenture Financing (the "Financing") agreement with a syndicate of Underwriters, led by NBF, pursuant to which the Underwriters purchased $44.5 million principal amount of Debentures at a price of $1,000 per Debenture, on a "bought deal" basis. (the [...]
CALGARY, Nov. 15, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on December 15, 2017 in respect of November 2017 production, for the shareholders of record on November 30, 2017 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 [...]
CALGARY, Nov. 7, 2017 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) announces its operating and financial results for the quarter ended September 30, 2017. Surge's low risk, development drilling and waterflood results at the Company's Sparky, Shaunavon and Valhalla core areas continue to exceed managements budgeted expectations. Production averaged 15,007 boepd in Q3 2017 - approximately two percent [...]
Surge Energy Inc. is pleased to announce the acquisition of a low decline, high netback, waterflooded, crude oil producing asset in its core Sparky area of Central Alberta for a purchase price of $37.2 million, which closed on September 8, 2017. Surge has identified up to 38 net Sparky development drilling locations on the Assets. The Assets have current core production of more than 780 boepd , an annual decline of less [...]
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