February 8, 2017 / 7:17 PM / 8 months ago

BRIEF-SURGE ENERGY SAYS TO INCREASE ITS DIVIDEND FROM $0.075 PER YEAR TO $0.085 PER YEAR

Feb 8 (Reuters) - Surge Energy Inc

* SURGE ENERGY INC. ANNOUNCES INTENDED 15 PERCENT INCREASE TO ITS DIVIDEND - ON GROWING PRODUCTION VOLUMES AND FREE FUNDS FLOW

* INTENTION TO INCREASE ITS DIVIDEND FROM $0.075 PER YEAR TO $0.085 PER YEAR

* CONFIRMS DECEMBER, 2016 PRODUCTION AVERAGED MORE THAN 13,800 BOEPD - WELL ABOVE COMPANY‘S 2016 EXIT RATE PRODUCTION GUIDANCE

* ANTICIPATES 13.5 NET WELLS WILL BE BROUGHT ON PRODUCTION BEFORE SPRING BREAK-UP AT COMPANY‘S THREE CORE ASSETS

* NOW ANTICIPATES DELIVERING MORE THAN 18 PERCENT PRODUCTION PER SHARE GROWTH OVER PERIOD FROM Q2/2016 TO END OF 2017 Source text for Eikon: Further company coverage:

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