Surge Energy Inc.

Surge Energy Inc. is pleased to announce that it has closed the previously announced convertible debenture financing with a syndicate of underwriters , led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $48.3 million of convertible unsecured subordinated debentures of the Company , including exercise in full of the over-allotment option granted to the [...]

Surge Energy Inc. confirms that a cash dividend to be paid on November 15, 2023, in respect of October 2023 production, for the shareholders of record on October 31, 2023, 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 [...]

Surge Energy Inc. is pleased to announce a public offering on a "bought deal" basis, of $42 million principal amount of convertible unsecured subordinated debentures, at a price of $1,000 per debenture, with an interest rate of 8.50% per annum, payable semi-annually in arrears on the last day of June and December commencing on June 30, 2024 . The Debentures will mature on December 31, 2028. The completion of the Offering [...]

Surge Energy US Holdings Company today announced the release of the Company's 2023 Corporate Sustainability Report. This is the Company's second publicly available report and fourth 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 US Holdings Company announces it has surpassed $8 billion of contribution to the Texas economy which includes cumulative oil and gas revenues, royalty and working interest payments, and production taxes since the Company's inception in 2015. This was achieved in the second quarter of 2023 as a result of the continuous growth of the company through acquisitions and ongoing development activities. The Company's [...]

Surge Energy Inc. confirms that a cash dividend to be paid on October 16, 2023, in respect of September 2023 production, for the shareholders of record on September 30, 2023, 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 [...]

Surge Energy Inc. confirms that a cash dividend to be paid on September 15, 2023, in respect of August 2023 production, for the shareholders of record on August 31, 2023, 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 the Company's financial and operating results for the quarter ended June 30, 2023. MESSAGE TO SHAREHOLDERS Crude oil prices softened over the course of the second quarter, with Western Texas Intermediate averaging nearly US$80 per bbl in April 2023, and approximately US$70 per bbl in June 2023. Despite this drop in WTI pricing, Surge realized significant benefits from a dramatic [...]

Surge Energy Inc. confirms that a cash dividend to be paid on August 15, 2023, in respect of July 2023 production, for the shareholders of record on July 31, 2023, 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 US Holdings Company today announced that it was listed in the Houston Chronicle's Top 100 Private Companies headquartered in Houston, TX as published on June 18, 2023. Surge Energy Ranked 16th on the list of top private companies as determined by the Houston Chronicle. The list is based on 2022 revenues and was published in the Houston Chronicle 100 on June 18, 2022. Of the companies listed in the top 20 [...]