Brief: Surge Energy Announces $245 Million Strategic Core Area Acquisition
02/11/2022 21:41
Nov 2 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY INC. ANNOUNCES A $245 MILLION ($200 MILLION
NET)
STRATEGIC CORE AREA ACQUISITION AND FINANCINGS; ANTICIPATED 14%
DIVIDEND INCREASE; INCREASED 2022 PRODUCTION RATE EXIT GUIDANCE;
AND PRELIMINARY 2023 ESTIMATES
* SURGE ENERGY INC- NOW FORECASTING UPWARDLY REVISED EXIT
2022
PRODUCTION OF MORE THAN 25,000 BOEPD
* SURGE ENERGY INC- DEFINITIVE PURCHASE AND SALE AGREEMENT
WITH
ENERPLUS CORPORATION
* SURGE ENERGY- TO BUY FROM ENERPLUS HIGH OPERATING NETBACK,
WATERFLOODED PRODUCING OIL ASSETS FOCUSED WITHIN CO'S SPARKY AND
SE SASKATCHEWAN CORE AREAS
Source text for Eikon: ID:nGNX2R6tkw
Further company coverage: SGY.TO
((Reuters.Briefs@thomsonreuters.com;))
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