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3 个月内
BRIEF-Surge Energy announces $37 mln Sparky Area acquisition
2017年4月19日 / 上午11点16分 / 3 个月内

BRIEF-Surge Energy announces $37 mln Sparky Area acquisition

2 分钟阅读

April 19 (Reuters) - Surge Energy Inc:

* Surge Energy Inc announces $37 million core sparky area acquisition; upward revision to 2017 guidance; increased dividend

* Acquisition is accretive to surge on all key per share metrics

* Surge will now be delivering production growth of more than 24 percent from Q2/16 to end of Q4/17

* Pursuant to core sparky area acquisition referenced herein, Surge is now revising upward company's 2017 guidance

* Sees 2017 average production of 14,450 BOE/D

* Sees 2017 exit production 15,150 BOE/D

* Surge revised upward company's 2017 average daily production estimate to 14,000 boepd from 13,500 boepd

* Sees 2017 total capital spending (including acquisitions) $124 million

* Sees operating expenses for H2 2017 of $12.00-$12.50/boe

* Board will look to increase dividend by about 11.8 percent per year from $0.085 per year ($0.00708 per month) to $0.095 per year

* Confirms its banking syndicate increased Surge's bank line limit (pro-forma acquisition) from previous $250 million to $285 million Source text for Eikon: Further company coverage:

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