Surge Energy Inc. Confirms June 2014 Dividend

CALGARY, June 16, 2014 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend, in the previously announced amount of $0.05 per common share, will be paid on July 15, 2014 in respect of June 2014 production to the shareholders of record on June 30, 2014. The $0.05 per share dividend represents an 11 percent increase in the Company's annual dividend from $0.54 per share per year ($0.045 per share per month) to $0.60 per share per year ($0.05 per share per month).

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.

Paul Colborne, President & CEO
Surge Energy Inc.
Phone: [phone]
Fax: [phone]
Email: [email protected]

Max Lof, CFO
Surge Energy Inc.
Phone: [phone]
Fax: [phone]
Email: [email protected]