Surge Energy Inc. and Mount Bastion Oil and Gas Corp. have announced that they have entered into an arrangement agreement , pursuant to which Surge has agreed to acquire all of the issued and outstanding common shares of MBOG by way of a statutory arrangement . The Transaction is 11 percent accretive to Surge's forecast 2019 adjusted funds flow per share1, and adds over 600 million barrels of net internally estimated [...]
Surge Energy Inc. confirms executive appointments. On July 16, 2018 Surge Energy Inc. announced the appointment of two highly qualified businesswomen to the Board of Directors. This action served to diversify the Board of Directors through the addition of new skill sets and backgrounds. As a further step in enhancing the leadership of the Company, Surge is extremely pleased to announce the addition of Mr. Jim Stannard to [...]
Surge Energy Inc. confirms that a cash dividend to be paid on September 17, 2018 in respect of August 2018 production, for the shareholders of record on August 31, 2018 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 its operating and financial results for the quarter ended June 30, 2018. Based on excellent development drilling results in all three of Surge's core areas, together with successful waterflood results at Shaunavon and Eyehill, the Company's Q2/18 production significantly exceeded management's budgeted expectations. In Q2/18 Surge's production averaged 17,072 boepd - which is very close to the [...]
CALGARY, July 16, 2018 /CNW/ - Surge Energy Inc. is pleased to announce the appointments of Ms. Marion Burnyeat and Ms. Allison Maher to the Board of Directors effective July 16, 2018. Ms. Burnyeat is an experienced businesswoman having spent nearly thirty years in the energy sector primarily with Spectra Energy Corp. and its predecessor companies. She held increasingly responsible executive roles in leading Midstream [...]
CALGARY, July 16, 2018 /CNW/ - Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2018 in respect of July 2018 production, for the shareholders of record on July 31, 2018 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 [...]
CALGARY, June 15, 2018 /CNW/ - Surge Energy Inc. announces a correction to the dividend payment date for the June dividend. The payment date will be July 16, 2018, rather than the previously announced date of July 15, 2018 due to the date falling on a weekend. The record date is June 30, 2018. Surge Energy Inc. previously confirmed a dividend of $0.008333 per share will be paid on July 15, 2018 to shareholders of record [...]
CALGARY, June 15, 2018 /CNW/ - Surge Energy Inc. confirms that a cash dividend to be paid on July 15, 2018 in respect of June 2018 production, for the shareholders of record on June 30, 2018 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 [...]
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 [...]