Surge announced that it has closed its acquisition of Mount Bastion Oil & Gas which we outlined in our prior comment dated September 17th, 2018. Encompassing $145 mm in cash and the issuance of 75.4 mm shares from treasury, the deal is worth ~$300 mm given Surge share price performance since announcement.

25 Oct 2018
Closes MBOG acquisition, achieves 2018e exit rate in 3Q18, raises dividend

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Closes MBOG acquisition, achieves 2018e exit rate in 3Q18, raises dividend
Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m
- Published:
25 Oct 2018 -
Author:
Robert Fitzmartyn -
Pages:
6 -
Surge announced that it has closed its acquisition of Mount Bastion Oil & Gas which we outlined in our prior comment dated September 17th, 2018. Encompassing $145 mm in cash and the issuance of 75.4 mm shares from treasury, the deal is worth ~$300 mm given Surge share price performance since announcement.