
Surge Energy Inc. announces non-core asset sales; commencement of Phase 2 return of capital framework; normal course issuer bid; base dividend increase; sparky crude oil discovery; and updated 2024 guidance
Oil and Gas 360 CALGARY, AB, May 29, 2024 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce a number of recent positive operational and financial developments, including: the sale of certain non-core assets, achievement of Management’s Phase 2 net debt1 target, an anticipated increase to Surge’s base dividend, the intention to institute a normal course issuer