SURGE ENERGY INC. CONFIRMS FEBRUARY 2026 DIVIDEND

Surge Energy Inc. has officially announced a cash dividend of $0.043333 per share, scheduled to be paid on February 16, 2026. This payment pertains to the production results from January 2026, and shareholders must be on record by January 31, 2026, to be eligible for this dividend. The dividend qualifies as an eligible dividend under Canada’s Income Tax Act, making it particularly attractive for Canadian investors.

Surge Energy, listed on the Toronto Stock Exchange under the ticker symbol SGY, is positioned as an intermediate oil company dedicated to maximizing shareholder returns through robust free cash flow generation. The company's operational focus rests on the acquisition and development of high-quality conventional oil reservoirs, utilizing proven technologies to enhance oil recovery rates. This strategic approach not only aims to boost production efficiency but also emphasizes long-term sustainability in oil production.

As investor interest grows, Surge Energy's commitment to maintaining a consistent dividend payout demonstrates its financial health and operational effectiveness in a fluctuating energy market. The calculated dividend reflects the company's focus on rewarding shareholders while continuing to invest in its core activities of exploring and developing oil resources.

The note concludes with a disclaimer indicating that neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider is accountable for the accuracy of the news release. As such, investors are encouraged to evaluate this information within the context of broader market conditions and the company’s operational performance moving forward. This dividend announcement is a sign of Surge Energy’s focus on shareholder value amidst the evolving energy landscape.

Surge Energy Inc. has reaffirmed its commitment to returning value to shareholders by announcing a cash dividend of $0.043333 per share, set to be disbursed on February 16, 2026, for shareholders recorded as of January 31, 2026. This announcement is particularly significant in the context of broader market conditions and the energy sector's outlook, making it a pivotal factor for current and potential investors.

As an intermediate oil company, Surge Energy is strategically positioned to benefit from an upturn in oil prices, especially considering the increased global demand for energy. The company’s focus on enhancing shareholder returns through free cash flow generation highlights its sound operational strategy and commitment to shareholder value. This proactive approach in managing high-quality, conventional oil reservoirs could yield significant benefits if market conditions align favorably.

Investors should take note of the dividend being classified as an eligible dividend under the Income Tax Act (Canada), making it attractive for tax-conscious investors seeking income. Given the current dividend yield and potential for price appreciation, Surge Energy presents a compelling investment opportunity.

However, potential buyers should also consider potential volatility in the oil market, influenced by geopolitical factors and regulatory changes. Expected fluctuations in oil prices due to OPEC+ production decisions or global economic shifts could impact the company’s cash flow and, consequently, its ability to maintain dividend payments.

In summary, with its clear dividend policy, commitment to operational excellence, and favorable market positioning, Surge Energy could be a suitable choice for investors looking for income and growth in the energy sector. Investors should conduct thorough due diligence, considering both the macroeconomic landscape and Surge’s operational performance, before making any investment decisions.