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Surge Energy continues drilling success


Published Aug 7, 2015
Surge Energy Inc.-2

Surge Energy Inc. announces its operating and financial results for the quarter ended June 30, 2015, continued drilling success on its Upper Shaunavon crude oil discovery in SW Saskatchewan, and at Valhalla in NW Alberta; two new long term infrastructure solutions at Valhalla; and a share buy back.

Management uses funds from operations (cash flow from operating activities before changes in non-cash working capital, decommissioning expenditures, transaction costs and cash settled stock-based compensation) to analyze operating performance and leverage. Funds from operations as presented does not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with the calculation of similar measures for other entities.

Tags: Surge Energy Inc.




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