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Surge Energy Inc (2)
Symbol SGY
Shares Issued 83,357,221
Close 2022-06-15 C$ 11.59
Recent Sedar Documents

Surge Energy to pay 3.5-cent dividend July 15

2022-06-15 17:44 ET - News Release

Mr. Paul Colborne reports

SURGE ENERGY INC. DECLARES REINSTATED DIVIDEND PAYABLE JULY 15, 2022

Surge Energy Inc.'s board of directors has approved the reinstatement of the company's monthly cash dividend, as part of the company's previously announced integrated business strategy of returning capital to shareholders, plus production-per-share growth. Accordingly, a cash dividend of 3.5 cents per share will be payable on July 15, 2022, in respect of June, 2022, production, for the Surge shareholders of record on June 30, 2022.

The dividend is designated as an eligible dividend for the purposes of the Income Tax Act (Canada).

About Surge Energy Inc.

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

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