SURGE ENERGY INC. CONFIRMS NOVEMBER 2023 DIVIDEND

CALGARY, AB , Oct. 16, 2023 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) confirms that a cash dividend to be paid on November 15, 2023 , in respect of October 2023 production, for the shareholders of record on October 31, 2023 , will be $0.04 per share.

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

Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries.

N either 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.

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