BRIEF-Surge Energy Inc. Announces Sale Of Non-Core Assets Revised 2025 Capital And Operating Budget-March 2024-www.financetom.com

BRIEF-Surge Energy Inc. Announces Sale Of Non-Core Assets Revised 2025 Capital And Operating Budget

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BRIEF-Surge Energy Inc. Announces Sale Of Non-Core Assets Revised 2025 Capital And Operating Budget

Dec 19, 2024 2:30 PM

Dec 19 (Reuters) - Surge Energy Inc (Alberta) ( ZPTAF ):

* SURGE ENERGY INC. ( ZPTAF ) ANNOUNCES SALE OF NON-CORE ASSETS;

REVISED

2025 CAPITAL AND OPERATING BUDGET

* SURGE ENERGY INC (ALBERTA) ( ZPTAF ) - SELLS NON-CORE ASSETS FOR

$9.5

MILLION

* SURGE ENERGY INC (ALBERTA) ( ZPTAF ) - PURCHASER ASSUMES ALL FUTURE

ABANDONMENT AND RECLAMATION OBLIGATIONS

* SURGE ENERGY INC (ALBERTA) ( ZPTAF ) - 2025 NET OPERATING EXPENSES

FORECAST TO DECREASE TO $19.05-$19.55 PER BOE

* SURGE ENERGY INC (ALBERTA) ( ZPTAF ) OUTLOOK AVERAGE 2025 PRODUCTION

22,500 BOEPD (91% LIQUIDS)

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