CALGARY, AB


,


Dec. 15, 2022


/CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) confirms that a cash dividend to be paid on

January 16, 2023

, in respect of

December 2022

production, for the shareholders of record on

December 31, 2022

will be

$0.035

per share.

The dividend is an eligible dividend for the purposes of the Income Tax Act (

Canada

).

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.

N


either the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Surge Energy Inc.

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