Feb 13 (Reuters) - Surge Energy Inc SGY.TO :
* SURGE ENERGY ANNOUNCES 2018 PRELIMINARY RESULTS, 2019 ACTIVITY GUIDANCE AND MANAGEMENT TRANSITION
* SURGE ENERGY INC - Q4 2018 PRODUCTION OF 43.2 MBOE/D (91% OIL), UP 38% VERSUS Q4 2017
* SURGE ENERGY INC - LINHUA GUAN HAS BEEN NAMED CHIEF EXECUTIVE OFFICER, EFFECTIVE MAY 1, 2019
* SURGE ENERGY INC - HAS REDUCED DEVELOPMENT ACTIVITY IN 2019 WHILE STILL PROJECTING YEAR-OVER-YEAR PRODUCTION GROWTH
* SURGE ENERGY INC - DEXTER BURLEIGH WILL REMAIN WITH COMPANY IN ROLE OF PRESIDENT
* SURGE ENERGY INC - REDUCED DEVELOPMENT ACTIVITY IN 2019 IN RESPONSE TO MACRO COMMODITY PRICE VOLATILITY
* SURGE ENERGY - BEGUN REDUCING OPERATED RIG ACTIVITY FROM 2018 EXIT RATE LEVEL OF SIX RIGS TO OPERATED RIG COUNT OF THREE RIGS BY END OF Q1 OR EARLY Q2
* SURGE ENERGY INC - IF COMMODITY MARKETS IMPROVE AND RIG ACTIVITY IS INCREASED IN 2H 2019, COMPANY EXPECTS TO DRILL BETWEEN 80 - 85 GROSS OPERATED WELLS
* SURGE ENERGY INC - IF COMMODITY MARKETS IMPROVE & RIG ACTIVITY RISES IN H2, SEES CAPEX $680-$720 MILLION & PRODUCTION GROWTH OF 10%-15% IN 2019
* SURGE ENERGY INC - IF COMMODITY MARKETS DO NOT IMPROVE & RIG ACTIVITY IS HELD FLAT IN 2H 2019, EXPECTS TO DRILL BETWEEN 55 - 60 GROSS OPERATED WELLS
* SURGE ENERGY INC - IN PROCESS OF REDUCING RIG COUNT TO THREE
* SURGE ENERGY - IF COMMODITY MARKETS DON'T IMPROVE & RIG ACTIVITY HELD FLAT IN H2, SEES CAPEX OF $525 - $550 MILLION & PRODUCTION GROWTH OF 5%-8% IN 2019