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Surge Energy Inc. Confirms January 2020 Dividend

CALGARY, Jan. 15, 2020 (Canada NewsWire via COMTEX) --

Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on February 17, 2020 in respect of January 2020 production, for the shareholders of record on January 31, 2020 will be $0.008333 per share.

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

Surge Energy Inc. is an oil-weighted production and development company with high quality, large oil in place, crude oil reservoirs. Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly dividends, and further growth through accretive acquisitions of additional elite oil reservoirs.

Neither 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.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2020/15/c7179.html

SOURCE: Surge Energy Inc.

Paul Colborne, President & CEO, Surge Energy Inc., Phone: (403) 930-1507, Fax: (403)
930-1011, Email: pcolborne@surgeenergy.ca; Jared Ducs, CFO, Surge Energy Inc., Phone:
(403) 930-1046, Fax: (403) 930-1011, Email: jducs@surgeenergy.ca

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