BRIEF-Surge Energy Reduces Prelim 2019 Capital Budget From $160 Mln To $135 Mln
Published Jan 14, 2019 06:11
BRIEF-Surge Energy Reduces Prelim 2019 Capital Budget From $160 Mln To $135 Mln
Jan 14 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY INC. ANNOUNCES 2019 CAPITAL BUDGET AND PRODUCTION GUIDANCE
* SURGE ENERGY INC - SURGE HAS REDUCED ITS PREVIOUSLY-ANNOUNCED PRELIMINARY 2019 CAPITAL BUDGET FROM $160 MILLION TO $135 MILLION
* SURGE ENERGY - EXPECTS TO DELIVER MORE THAN 20 PERCENT GROWTH IN AVERAGE PRODUCTION OVER 2018, WITH AN AVERAGE PRODUCTION RATE OF 22,000 BOEPD FOR 2019
* SURGE ENERGY - 2H 2019 CAPITAL SPENDING FORECAST HAS FLEXIBILITY TO BE INCREASED BY ADDITIONAL $25 MILLION OF EXPLORATION AND DEVELOPMENT CAPITAL
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Written By: Reuters
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