Surge Energy Inc (TSE:SGY) has released an update.
Surge Energy Inc. has reported a triumphant 2023 with a record annual production of 24,438 boe/d, surpassing its forecasted rate and marking a 15% increase from the previous year. The company also generated significant free cash flow of $94 million, contributing to a substantial 18% reduction in net debt. These financial achievements were accompanied by strategic operations, including a successful drilling program and continued commitment to environmental, social, and governance (ESG) initiatives.
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