Surge Energy Inc. Announces Closing of $43 MM Asset Sales; Dividend Reduction; and Updates 2016 Guidance

- Oil and Energy
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CALGARY, April 7, 2016 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces the sale of its non-core Sunset property, and the facilities sale at Valhalla, for total proceeds of $43 million; reduction of the Company’s dividend; and updated 2016 guidance.

CLOSING OF…