July 21 (Reuters) - Surge Energy Inc:
* Says borrowing base has now been renewed at $250 million
* Says revolving period on Surge's entire credit facility expires on May 29, 2017
* Says $55 million 2016 capital expenditure program
* Says believe company is well positioned to exceed Surge's 13,000 boepd exit rate target for 2016 Source text for Eikon: Further company coverage: SGY.TO
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