Brief: Surge Energy Announces Closing Of Accretive $320 Mln Light Oil Acquisition
25/10/2018 16:03
Oct 25 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY INC. ANNOUNCES CLOSING OF ACCRETIVE $320
MILLION
LIGHT OIL ACQUISITION; $200 MILLION INCREASE TO CREDIT FACILITY;
ANTICIPATED DIVIDEND INCREASE; Q3/18 PRODUCTION EXCEEDS 2018
EXIT RATE
* SURGE ENERGY INC - REVOLVING CREDIT FACILITY WAS INCREASED
BY 57
PERCENT FROM $350 MILLION TO $550 MILLION.
* SURGE ENERGY INC - Q3/18 PRODUCTION EXCEEDS 2018 EXIT RATE
* SURGE ENERGY INC - Q3/18 PRODUCTION AVERAGED 18,029 BOEPD
(79
PERCENT OIL AND LIQUIDS)
Source text for Eikon: ID:nCNW7nrMma
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