Nov 9 (Reuters) - Surge Energy Inc SGY.TO
* Qtrly FFO per share $0.09
* Qtrly FFO per share $0.09
* Announces third quarter 2016 results
* Surge's average production increased eight percent in q3 of 2016 to 13,120 boepd
* Upward revision to 2016 production exit rate
* Has now revised management's 2016 production exit rate estimate upward, to more than 13,500 boepd
* Plans to drill up to six more eyehill sparky wells in late 2016 and early 2017, increasing production to over 1,500 boepd
* Average production for 2017 is forecast to be 13,650 boepd with an exit rate of 14,150 boepd
* Anticipates spending approximately 70 percent of its preliminary $85 million 2017 capital expenditure budget on drilling activity
* Has now revised management's 2016 production exit rate estimate upward, to more than 13,500 boepd Source text for Eikon: ID:nCNWm1R8wa Further company coverage: SGY.TO