Surge Energy Inc.

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 [...]

Surge Energy Inc. is pleased to announce a C$175 million private placement offering of senior unsecured notes due 2029 . The Notes will bear interest at a rate of 8.500% per annum and mature on September 5, 2029. The Notes were priced at 100% of par to yield 8.500% per annum. The closing of the Offering is subject to customary closing conditions and is expected to close on or about September 5, 2024. Surge intends to use [...]

Surge Energy Inc. confirms that a cash dividend to be paid on September 16, 2024, in respect of August 2024 production, for the shareholders of record on August 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 [...]

Moss Creek Resources Holdings, Inc. , a wholly-owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $750.0 million aggregate principal amount of its 8.25% senior unsecured notes due 2031 that is exempt from registration under the Securities Act of 1933, as amended . The Offering is expected to close on August 16, 2024, subject to customary closing conditions. The Notes will be senior [...]

Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended June 30, 2024, as well as an update on Surge's latest operational achievements. MESSAGE TO SHAREHOLDERS Surge has a high quality, conventional light and medium gravity crude oil asset and opportunity base, with more than 85 percent of the Company's production strategically focused in two of the top four crude oil [...]

Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2024, in respect of July 2024 production, for the shareholders of record on July 31, 2024 will be $0.043 per share. The $0.52 per share dividend represents an 8 percent increase in the Company's dividend, from $0.48 per share per year to $0.52 per share per year . On an annualized basis, the increased dividend of $52 million represents less than 18 [...]

Surge Energy Inc. confirms that a cash dividend to be paid on July 15, 2024, in respect of June 2024 production, for the shareholders of record on June 30, 2024, will be $0.04 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 defined [...]

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. The NCIB is an integral component of the Company's return of capital framework for the distribution of excess free cash flow, providing direct returns to Surge shareholders. Surge's Board [...]

Surge Energy Inc. is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management's Phase 2 net debt1 target, an anticipated increase to Surge's base dividend, the intention to institute a normal course issuer bid , and a large new Sparky crude oil discovery. In addition, Surge has scheduled a conference call and webcast [...]