Surge Energy Inc. is pleased to announce its financial and operating results for the quarter and year ended December 31, 2024, and its year end 2024 reserves as independently evaluated by Sproule. Surge's disciplined operating strategy involves focusing development capital to high operating netback, low cost, light and medium gravity, conventional crude oil reservoirs with low recovery factors. Following the strategic [...]
Surge Energy Inc. confirms that a cash dividend to be paid on March 17, 2025, in respect of February 2025 production, for the shareholders of record on February 28, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. confirms that a cash dividend to be paid on February 18, 2025, in respect of January 2024 production, for the shareholders of record on January 31, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce that on December 19, 2024 , the Company disposed of its gas weighted non-core assets in the Valhalla area of Alberta for cash proceeds of $9.5 million . Additionally, the purchaser has assumed all future abandonment and reclamation obligations pertaining to the Non-Core Assets. - Surge's Sparky and SE Saskatchewan core areas have been independently evaluated as two of the top four [...]
Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2025, in respect of December 2024 production, for the shareholders of record on December 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. confirms that a cash dividend to be paid on December 16, 2024, in respect of October 2024 production, for the shareholders of record on November 30, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce financial and operating results for the quarter ended September 30, 2024, as well as the Company's 2025 capital and operating budget as approved by Surge's board of directors . Select financial and operating information is outlined below and should be read in conjunction with the Company's unaudited interim financial statements and management's discussion and analysis for the three [...]
Surge Energy Inc. confirms that a cash dividend to be paid on November 15, 2024, in respect of October 2024 production, for the shareholders of record on October 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy US Holdings Company announces James Welch has elected to retire from the company effective December 31, 2024. Mr. Welch has served as the Chief Financial Officer since the founding of the Company. "I personally would like to thank James for his substantial contributions to Surge as CFO," CEO Linhua Guan said. "James's leadership has been critical to not only the strong financial position the company has, but [...]
Surge Energy US Holdings Company today announced the release of the Company's 2024 Corporate Sustainability Report. This is the Company's third publicly available report and fifth overall report, providing a comprehensive update on Surge's sustainability goals, relevant operational investments, and environmental, social, and governance initiatives. Additionally, the report provides disclosures in line with the [...]
Surge Energy Inc. confirms that a cash dividend to be paid on October 15, 2024, in respect of September 2024 production, for the shareholders of record on September 30, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act . Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's [...]
Surge Energy Inc. is pleased to announce the closing of its previously announced private placement offering of $175 million aggregate principal amount of senior unsecured notes due 2029. The Notes bear interest at a rate of 8.500% per annum and mature on Sept 5, 2029. The Notes were priced at 100% of par to yield 8.500% per annum. Concurrent with the Closing of the Offering, Surge confirms that it has repaid in full all [...]
+43,60 %
-50,75 %
