Surge Energy confirms that a cash dividend to be paid on September 16, 2013 in respect of August 2013 production, for the shareholders of record on August 31, 2013 will be $0.035 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Surge Energy is pleased to announce an increase to its dividend, the Company's financial and operating results for the three and six month periods ended June 30, 2013 and a reiteration of 2013/2014 guidance.
Surge Energy is pleased to announce the closing of its previously announced $247.5 million equity financing. The financing was completed in connection with the previously announced acquisition by the Company of certain assets in Saskatchewan. The Company issued 15,000,000 units of the Company on a "bought deal" basis at a price of $15.00 per Unit, for gross proceeds of $225 million as part of a "bought deal" financing [...]
Surge Energy is pleased to announce the closing of the previously announced $240 million acquisition of an elite, operated, crude oil producing asset in the southwest area of Saskatchewan; the conversion of 34,500,000 Subscription Receipts into common shares of the Company pursuant to the previously announced $247.5 million equity financing; and continued excellent drilling results at Valhalla and Silver.
Surge Energy announced today the orderly transition / conversion of the Company to a sustainable, moderate growth, dividend paying oil and gas company with high quality, focused, operated light and medium gravity crude oil assets. Surge also announced an accretive acquisition of an elite, operated, medium gravity crude oil producing asset in the southwest area of Saskatchewan (the "Acquisition") with original oil in place [...]
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