Surge Energy Inc.

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

Surge Energy Inc. announces that at its annual meeting of shareholders held on May 10, 2023 the following nine director nominees were elected: Votes For Votes Withheld # % # % James Pasieka Marion Burnyeat 33,553,225 32,526,017 99.36% 99.28% 208,736 235,944 0.64% 0.72% Paul Colborne Daryl Gilbert Michelle Gramatke 32,544,010 32,530,078 30,334,494 99.33% 99.29% 92.59% 217,951 231,883 2,427,467 0.67% 0.71% 7.41% Robert [...]

Surge Energy Inc. is pleased to announce the Company's financial and operating results for the quarter ended March 31, 2023, and an update on Surge's latest drilling results. Q1 2023 FINANCIAL & OPERATING HIGHLIGHTS Q1/23 is the Company's first quarter that includes the full impact of the strategic acquisition of high quality, core area assets from Enerplus , which closed in late Q4/22. In Q1/23 Surge delivered an [...]

HOUSTON , April 28, 2023 /PRNewswire/ -- Surge Energy US Holdings Company today announced strong sustainability and financial success in 2022. 2022 was a transformative and record-breaking year for Surge Energy. The Company delivered company-record production levels, free cash flow, and net income. On sustainability, the Company continues to make progress toward the four ESG-related company goals that were announced via [...]

Surge Energy US Holdings Company announces upgraded credit ratings from S&P Global Ratings to Moss Creek Resources Holdings, Inc. , a subsidiary of Surge Energy and issuer of the Company's Senior Unsecured Notes . As announced by S&P, the issuer credit rating on Moss Creek was upgraded to 'B' from 'B-'. The issue-level ratings on the Company's unsecured notes were also upgraded to 'B+' from 'B'. "We believe this ratings [...]

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

Surge Energy US Holdings Company today announced the Company has promoted Chris Alonzo to Senior Vice President, Development and Operations from Vice President, Development effective March 16, 2023. Mr. Alonzo's role will continue to oversee the subsurface technical team, completion and production teams, infrastructure team, and land organization. Recently his role was expanded to include the oversight of the field [...]

Surge Energy Inc. confirms that a cash dividend to be paid on April 17, 2023, in respect of March 2023 production, for the shareholders of record on March 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 the Company's two outstanding issuances of Senior Notes outperformed the overall High Yield Bond Market in both 2021 and 2022. The Company's two bond issuances, Senior Notes due 2026 and Senior Notes due 2027, delivered total returns of approximately 31% and 36% respectively in 2021 and 3% and 5% in 2022. Both bonds delivered a total return in 2021 and 2022 substantially [...]

Surge Energy Inc. is pleased to announce its financial and operating results for the quarter and year ended December 31, 2022; its year end 2022 reserves as independently evaluated by Sproule Associates Limited ; and a new Total Proven Plus Probable net asset value1 of $22.37 per share. Surge's new year end 2022 Proved Developed Producing NAV1 per share increased 107 percent from $3.51 per share on December 31, 2021, to [...]