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Representative image (Picture credit: Reuters) The United States is accelerating its effort to find and secure the release of Austin Tice , an American journalist abducted in Syria 12 years ago. Roger Carstens , the US special presidential envoy for hostage affairs, travelled to Beirut as part of the ongoing mission to gather information on Tice’s whereabouts. State Department officials confirmed that these efforts have intensified following the recent overthrow of Bashar al-Assad's government. State Department spokesperson Matthew Miller emphasised the importance of this operation, stating, “We are ready to engage with any organisation that might have information about the whereabouts of Austin Tice.” He reiterated the US government's commitment, noting, “We will not rest until he is returned home safely to his loved ones.” Tice, a freelance photojournalist working for outlets such as The Washington Post and CBS, was detained at a checkpoint near Damascus on August 14, 2012. In a video released weeks later, he appeared blindfolded and surrounded by armed men, but the identity of his captors has remained unknown. Syria has consistently denied holding him. Biden administration pledges action President Joe Biden underscored the urgency of the mission, saying on Sunday, “The US government believes Austin Tice is alive. We think we can get him back, but we have no direct evidence of that yet.” Biden also called for anyone with credible information to assist in the effort. Austin Tice’s parents, Marc and Debra Tice, remain hopeful. In a recent statement, they shared, “Austin Tice is alive, in Syria, and it’s time for him to come home. We are eagerly anticipating seeing Austin walk free and are asking anyone who can assist to please do so”, reported the news agency Reuters. Years of frustration and hope Efforts to secure Tice’s release have been fraught with difficulty. According to Reuters, US intelligence received over the summer from a Lebanese source suggested that Tice was alive and possibly held by a group linked to Hezbollah . However, determining the accuracy of such reports has been challenging. Carstens’ visit to Lebanon aims to renew hope, as secretary of state Antony Blinken noted during a recent event, “With every party we engage, we’ll continue to seek information about Austin Tice so that we can find him and bring him home to his family and loved ones.” A $1 million FBI reward for information leading to Tice’s safe return remains active, further reflecting the US government’s commitment to resolving the case.

No. 22 St. John's, Georgia pack busy schedule with game on SundayBoon raises $20.5M to build agentic AI tools for fleets

RD Lee Capital Partners Launches RDL Hotel Fund I Provides Innovative Investment Opportunities in the U.S. Hotel MarketNo. 22 St. John's, Georgia pack busy schedule with game on SundayWayfair CEO Niraj Shah sells $1.27 million in stock

Oppenheimer & Co. Inc. Acquires New Shares in The Chemours Company (NYSE:CC)

Lucknow, Nov 21 (PTI) Opposition parties in Uttar Pradesh blamed the BJP for the violence in Sambhal, alleging the survey team was sent to the mosque by the party to nurture its “politics of hatred”. The BJP, in turn, alleged that the INDIA alliance had been trying to create unrest since the Lok Sabha polls. It said that those who do not agree with judicial orders should take legal recourse. “Nobody has any right to break the law. If a court has passed an order, it will be implemented. The judicial process is available for those who want the order amended,” party spokesperson Nalin Kohli said. Another BJP spokesperson Ajay Alok blamed what he called the “ghamandia alliance” (an alliance full of arrogance), a term BJP leaders have often used for the INDIA bloc, for the violence. Samajwadi Party chief Akhilesh Yadav lashed out at the BJP, saying its government and the administration orchestrated the violence “to divert attention from electoral malpractice”. “A survey team was deliberately sent in the morning to disrupt discussions about the election. The intention was to create chaos so that no debate on election issues could happen,” he said at a press conference in Lucknow. UP Congress chief Ajay Rai said the incidents of violence were increasing day by day in the state under the Yogi Adityanath government. “When the Chief Minister of the state himself gives statements like ‘batenge toh katenge,’ then how can there be an atmosphere of peace in the state? This is a completely planned incident,” Rai in a statement said. The UP unit of the Communist Party of India (Marxist) called the Sambhal violence a planned conspiracy. Its secretary Heeralal Yadav questioned the hurry behind the survey of the mosque in contention. He accused the BJP of fomenting unrest in the state “in the name of temple and mosque” and appealed to the public to maintain peace. The CPI (Marxist-Leninist) also attacked the BJP, blaming it for the Sunday violence in which three people were killed. Sudhakar Yadav, the party’s state secretary, said BJP, emboldened by its recent wins, was fuelling polarisation of communities and wanted to throw the state into the fire of communalism. Tearing the fabric of peace, and polarising communities was all in a good day’s work for the “saffron brigade,” he alleged. Three people were killed and scores of others, including around 20 security personnel, were injured as protesters opposing a court-ordered survey of a Mughal-era mosque here clashed with police on Sunday. Protesters torched vehicles and pelted stones at the police, who used tear gas and batons to disperse the mob. “Shots were fired by the miscreants ... the PRO of the superintendent of police suffered a gunshot to the leg, the police circle officer was hit by pellets and 15 to 20 security personnel were injured in the violence,” Moradabad Divisional Commissioner Aunjaneya Kumar Singh said. He said that a constable also suffered a serious head injury, while the deputy collector fractured his leg. Internet services have been suspended in Sambhal tehsil for 24 hours and the district administration declared a holiday on November 25 for all students up to Class 12. Images, purported to be from the spot shared on social media, showed mobs pelting stones at cops from atop buildings and in front of the Shahi Jama Masjid. Later, police were purportedly seen cornering and hitting people as they tried to disperse a large crowd in a narrow alleyway. A lane was shown in a video strewn with a scores of slippers, bricks, and stones. In another purported clip, some policemen in riot gear were seen firing gunshots in a street, while flames leapt and smoke billowed into the air in the background. Superintendent of Police Krishan Kumar urged stone-pelters not to indulge in violence. “Do not spoil your future for these politicians,” he is heard saying through his megaphone in one of the videos. Tension had been brewing in Sambhal since Tuesday when the Jama Masjid was surveyed on the orders of a local court following a petition that claimed that a Harihar temple stood at the site. PTI NAV VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

ST. SIMONS ISLAND, Ga. -- Maverick McNealy finally became a winner on the final tournament of his fifth year on the PGA Tour, hitting 6-iron to 5 feet for birdie on the 18th hole at Sea Island for a 2-under 68 and a one-shot victory in the RSM Classic. He picked the right time to end nine holes without a birdie, even as so many others were making them to create a four-way tie for the lead. The victory came in his 134th start as a pro, and it sends him to Maui to start the year at The Sentry and to the Masters in April for the first time. Daniel Berger missed a 20-foot birdie attempt on the 18th that preceded McNealy's winner. He tied for second with Nico Echavarria and Florida State sophomore Luke Clanton, both of whom missed par putts from inside 8 feet on the final hole that created the four-way tie. Berger got a small consolation prize, moving inside the top 125 to keep a full PGA Tour card for 2025 when the fields will be smaller and only the top 100 will keep cards. Henrik Norlander, who was No. 126 in the FedEx Cup last year, had a 63-68 weekend and joined Berger as the two players who moved into the top 125. For Joel Dahmen, it was a matter of staying there. He was at No. 124 coming into the final tournament, had to make a 5-foot par putt just to make the cut on the number and then delivered a tee-to-green clinic — along with holing a 113-yard sand wedge for eagle early in his round — for a closing 64. It was enough to stay at No. 124 with nine points to spare. “Two of the biggest pressure moments of my career I showed up, and I can take that going forward,” Dahmen said. Clanton was a shot away from joining Nick Dunlap as amateur winners on the PGA Tour this year. Clanton, who has taken over as the top-ranked amateur in the world, now has two runner-up finishes and four top 10s in the seven PGA Tour starts the last five months. He had the look of a winner, especially with McNealy stuck in neutral, when he poured in birdie putts on the 14th and 16th holes to tie for the lead. But he tugged his approach to the 18th into bunker, blasted out nicely to 7 feet and stooped over in disbelief when he missed his par putt and had to settle for a 66 . “It’s going to be a tough one to definitely take, for sure, after bogeying the last,” Clanton said. “But I think it’s proven to me that out here I can win, so I’ll be training for that.” Echavarria, who won in Japan a month ago, had not made a bogey all day until going long on the 18th, chipping to 9 feet and catching the lip with his par putt. Michael Thorbjornsen was poised to move into the top 125 until he pulled his approach into the water on the par-5 15th hole and made bogey, closing with three pars for a 69. He tied for eighth and finished at No. 129. Thorbjornsen still has a full card next year from being No. 1 in PGA Tour University, but his status won't be as high. McNealy, son of Sun Microsystems co-founder Scott McNealy, had been doing some of his best work outside the ropes, particularly effecting a change in FedEx Cup points distribution to make it more equitable. Missing was a victory, and this one came down to the wire. He went out in 33 and led by two going to the back nine, and then it became a grind. He holed a 15-foot par putt from the fringe on the 11th to stay in the lead, and saved par after going bunker-to-bunker on the 13th. But he dropped a shot with an errant drive on the 14th, and when Echavarria birdied the 15th ahead of him, McNealy was out of the lead for the first time all day. He answered at just the right time, a 6-iron that covered the flag and settled just over 5 feet away. The victory gets him into three $20 million events over the first two months of the year, along with his first trip to the Masters. ___ AP golf: https://apnews.com/hub/golfWilson Isidor denied as West Brom hold on for draw against Sunderland

LANDOVER, Md. (AP) — Austin Seibert missed his second extra point of the game with 21 seconds left after Jayden Daniels and Terry McLaurin connected on an 86-yard touchdown, Juanyeh Thomas returned the ensuing onside kick attempt for a touchdown and the Dallas Cowboys pulled out a 34-26 victory Sunday that extended the Washington Commanders’ skid to three games. Seibert, who missed the previous two games with a right hip injury, was wide left on the point-after attempt following a low snap. Thomas then took the kick back 43 yards as the Cowboys (4-7) ended their losing streak at five in improbable fashion. Part of that was the play of backup Cooper Rush, who threw for 247 yards and two TDs in his third start in place of starter Dak Prescott. Part was also the defense forcing two turnovers, as Chauncey Golston ripped the ball out of Brian Robinson Jr.’s hands for what was called an interception of Daniels in the second quarter, and Donovan Wilson stripped John Bates midway through the fourth. KaVonte Turpin provided the fireworks with a spinning, 99-yard kickoff return TD seconds after Daniels found Zach Ertz in the end zone and scored on a 2-point conversion to cut the deficit to three with 3:02 left. In the final three minutes alone, the Commanders (7-5) scored 10 points and allowed Thomas’ TD. All that after the score was 10-9 through three quarters before madness ensued. CHIEFS 30, PANTHERS 27 CHARLOTTE, N.C. (AP) — Patrick Mahomes threw for 269 yards and , Spencer Shrader kicked a 31-yard field goal as time expired and Kansas City beat Carolina to reach double-digit wins for the 10th straight season. Noah Gray caught two TD passes as the Chiefs (10-1) bounced back from last week’s 30-21 loss at Buffalo and won at the buzzer yet again in a season of narrow escapes. for the two-time defending Super Bowl champions, who scored on their first five possessions. Bryce Young finished 21 of 35 for 262 yards and a touchdown for the Panthers (3-8), who had their two-game winning streak snapped. David Moore had six receptions for 80 yards and a touchdown. Trailing 27-19, Young completed a fourth-down pass to Adam Thielen to move the chains, then went deep for the veteran receiver, who drew a pass-interference penalty on Chamarri Conner. That set up a 1-yard touchdown run by Chuba Hubbard. LIONS 24, COLTS 6 INDIANAPOLIS (AP) — and David Montgomery added a third touchdown run, leading Detroit to a victory over Indianapolis. Gibbs finished with 21 carries for 90 yards as the Lions (10-1) extended their league-high winning streak to nine straight. Detroit has its been 11-game record since the franchise’s inaugural season in 1934. Jared Goff continued his sensational season, too, completing 26 of 36 throws for 269 yards. The Colts (5-7) lost their second straight home game and for the fourth time in their past five games. with 172 yards while rushing 10 times for 61 yards. the NFL’s highest-scoring offense largely in check Sunday, it was doomed by its inability to finish drives with touchdowns. BUCCANEERS 30, GIANTS 7 EAST RUTHERFORD, N.J. (AP) — Baker Mayfield catapulted into the end zone for one of Tampa Bay’s four rushing touchdowns, and the Buccaneers beat the Giants and new starting quarterback Tommy DeVito, snapping a four-game losing streak and extending New York’s skid to six. The Giants’ decisions this week to bench and then release quarterback Daniel Jones did nothing to help the NFL’s lowest-scoring offense. DeVito threw for 189 yards, mostly in the second half with New York well on its way to its sixth straight loss at home, where it is winless. Meanwhile, the Buccaneers dominated in every phase in a near-perfect perfect performance that featured TD runs of 1 yard by Sean Tucker, 6 yards by Bucky Irving and 1 yard by Rachaad White. After recent losses to the Ravens, 49ers and Chiefs, Tampa Bay (5-6) moved within one game of idle Atlanta in the NFC South. Tampa Bay scored on five of its on first six possessions to open a 30-0 lead, and none was more exciting than Mayfield’s TD run with 12 seconds left in the first half. On a second-and-goal from the 10, he avoided pressure and went for the end zone. He was hit by Cor’Dale Flott low and Dru Phillips high around the 2-yard line, and he was airborne when he crossed the goal line. The ball came loose when he hit the turf but he jumped up and flexed — — as the Bucs took a 23-0 lead. DOLPHINS 34, PATRIOTS 15 MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa threw for 317 yards and four touchdowns, including two scores to running back De’Von Achane, and Miami routed New England. The Dolphins (5-6) have a thin margin for error the rest of the season but have kept themselves afloat with a three-game winning streak. With their win at New England (3-9) in Week 5, the Dolphins have swept their division rivals in consecutive seasons for the first time since 1999-2000. Tagovailoa, who moved to 7-0 in his career against New England, entered the game with a league-high 73.4% completion rate and went 29 for 40. Backup Skylar Thompson replaced Tagovailoa with about 11 minutes left in what was already a blowout, but a bad handoff on his first play resulted in a fumble that was recovered by cornerback Christian Gonzalez and returned 63 yards for a touchdown. It cut New England’s deficit to 31-15, and Tagovailoa returned the next drive. TITANS 32, TEXANS 27 HOUSTON (AP) — Will Levis threw for 278 yards and his 70-yard touchdown pass to Chig Okonkwo put Tennessee on top in the fourth quarter and the Titans held on for a win over the Texans. Okonkwo grabbed a short pass and rumbled for the touchdown to put the Titans (3-8) up 30-27 with 9 1/2 minutes remaining. Safety Eric Murray missed a tackle that would have stopped him near midfield. The Texans (7-5) had a chance to tie it with less than two minutes remaining, but Ka’imi Fairbairn’s 28-yard field-goal attempt sailed wide left. He fell to the ground after the miss before getting up and slamming his helmet on the field. Titans coach Brian Callahan held both hands in the air and smiled after watching the miss that allowed his team to win on a day it had three turnovers. The Texans forced a three-and-out, but couldn’t move the ball after that and Harold Landry sacked C.J. Stroud in the end zone for a safety to make it 32-27 and allow Tennessee to snap a two-game skid. VIKINGS 30, BEARS 27, OT CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up , and Minnesota outlasted Chicago after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired.CALGARY, AB , Dec. 19, 2024 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") SGY is pleased to announce that on December 19, 2024 (the "Closing"), the Company disposed of its gas weighted non-core assets in the Valhalla area of Alberta (the "Non-Core Assets") for cash proceeds of $9.5 million (the "Transaction"). Additionally, the purchaser has assumed all future abandonment and reclamation obligations ("ARO") pertaining to the Non-Core Assets. KEY HIGHLIGHTS INCREASED CORE AREA FOCUS - Surge's Sparky and SE Saskatchewan core areas have been independently evaluated as two of the top four crude oil plays in North America , based on per well payout economics 1 . Following the sale of the Non-Core Assets, Surge's conventional Sparky and SE Saskatchewan crude oil assets will now represent 90 percent of the Company's new 22,500 boe per day 2025 production guidance, and more than 95 percent of the Company's cash flow from operating activities. IMPROVED OPERATING NETBACKS AND INCREASED LIQUIDS WEIGHTING – Concurrent with the Closing of the Transaction, the Company anticipates that its operating netback 2 per boe will improve by approximately 4 percent. Net operating expenses 2 for 2025 are now forecast to decrease to $19.05 - $19.55 per boe, following the Transaction. Additionally, Surge's forecast 2025 liquids weighting increases from 87 percent to 91 percent, following the Transaction. NO IMPACT TO FREE CASH FLOW – Due to the significant gas weighting (55 percent natural gas), and accompanying low operating netback ( $4.70 per boe in Q3/24) associated with the Non-Core Assets, the Company does not anticipate any change to its previously forecast 2025 corporate free cash flow 2 of $85 million 3 . NON-CORE ASSET DISPOSITION Surge disposed of the Non-Core Assets on the Closing for cash consideration of $9.5 million . Additionally, the purchaser has assumed all ARO pertaining to the Non-Core Assets. Estimated 2025 production from the Non-Core Assets was forecast to be approximately 1,250 boe/d, with a gas weighting of 55 percent. Over the past four years, Surge has been highly focused on developing its core Sparky and SE Saskatchewan crude oil assets. As such, the Non-Core Assets have been undercapitalized within the Company's high-quality, conventional crude oil asset portfolio. Proceeds from the Transaction bring forward approximately 10 years of future undiscounted free cash flow that the Non-Core Assets would have generated. At current strip crude oil prices, Surge anticipates allocating the net proceeds from the Transaction to additional share buy backs, and further reductions of net debt. Based on better than expected drilling results in 2H 2024, Surge's current production rate following the Closing of the Transaction exceeds 22,500 boepd (91% liquids). ________________________________ 1 As per Peters Oil & Gas Plays Update from January 16, 2024: North American Oil and Natural Gas Plays – Half Cycle Payout Period. Note: Sparky is represented as "Conventional Heavy Oil Hz" by Peters. 2 This is a non-GAAP and other financial measure which is defined under Non-GAAP and Other Financial Measures. 3 Pricing assumptions: US$70 WTI, US$13.50 WCS differential, US$3.50 EDM differential, $0.725 CAD/USD FX and $2.50 AECO. REVISED 2025 CAPITAL AND OPERATING BUDGET GUIDANCE Following the sale of the Non-Core Assets, the Company has revised its 2025 capital and operating budget guidance as follows: GUIDANCE Original 2025 Guidance from November 6, 2024 @ US $70 WTI 1 New 2025 Guidance @ US $70 WTI 1 Average 2025 production 23,750 boepd (87% liquids) 22,500 boepd (91% liquids) 2025(e) Exploration and development expenditures $170 million $170 million 2025(e) Adjusted funds flow 2 $277 million $275 million Per share $2.73 per share $2.71 per share 2025(e) Cash flow from operating activities 3 $255 million $255 million Per share $2.51 per share $2.51 per share 2025(e) Free cash flow 2 $85 million $85 million Per share $0.84 per share $0.84 per share 2025(e) Base dividend $53 million $53 million Per share $0.52 per share $0.52 per share 2025(e) Royalties as a % of petroleum and natural gas revenue 19.0 % 19.25 % 2025(e) Net operating expenses 2 $19.50 - $19.95 per boe $19.05 - $19.55 per boe 2025(e) Transportation expenses $1.50 - $1.75 per boe $1.40 - $1.60 per boe 2025(e) General & administrative expenses $2.25 - $2.45 per boe $2.45 - $2.65 per boe 2025(e) Interest expenses $2.50 - $2.75 per boe $2.50 - $2.75 per boe $1.3 billion in tax pools (providing an estimated 4-year tax horizon) 1 - Pricing assumptions: US$70 WTI, US$13.50 WCS differential, US$3.50 EDM differential, $0.725 CAD/USD FX and $2.50 AECO. 2 - This is a non-GAAP and other financial measure which is defined under Non-GAAP and Other Financial Measures. 3 - Assumes nil change in non-cash working capital. ADVISORS National Bank Financial Inc. acted as exclusive financial advisor to Surge with respect to the Transaction. ABOUT SURGE ENERGY INC. Surge is an intermediate, publicly traded oil company focused on enhancing shareholder returns through free cash flow generation. The Company's defined operating strategy is based on acquiring and developing high-quality, conventional oil reservoirs using proven technology to enhance ultimate oil recoveries. FORWARD LOOKING STATEMENTS This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "potential" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. More particularly, this press release contains statements concerning: Surge's expectation that will comprise 90 percent of the Company's new 22,500 boe per day 2025 production guidance and more than 95 percent of the Company's cash flow from operating activities; Surge's expectation that its operating netback per boe will improve by approximately 4 percent following the sale of the Non-Core Assets; Surge's forecast that its net operating expenses for 2025 will decrease to $19.05 - $19.55 per boe and that its liquids weighting for 2025 will increase from 87 percent to 91 percent; Surge's plans to allocate the net proceeds of the Transaction; Surge's anticipated 2024 production exit rate; and Surge's revised 2025 capital and operating budget guidance. The forward-looking statements are based on certain key expectations and assumptions made by Surge, including expectations and assumptions around the performance of existing wells and success obtained in drilling new wells; Surge's pricing assumptions of US$70 WTI, US$13.50 WCS differential, US$3.50 EDM differential, $0.725 CAD/USD FX and $2.50 AECO; anticipated operating, transportation and general and administrative costs and expenses; the application of regulatory and royalty regimes; prevailing economic conditions; development and completion activities; the performance of new wells; the successful implementation of waterflood programs; the availability of and performance of facilities and pipelines; the geological characteristics of Surge's properties; the successful application of drilling, completion and seismic technology; the determination of decommissioning liabilities; prevailing weather conditions; licensing requirements; the impact of completed facilities on operating costs; the availability and costs of capital, labour and services; and the creditworthiness of industry partners. Although Surge believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Surge can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the condition of the global economy, including trade, public health and other geopolitical risks (including the Russian invasion of Ukraine and continued conflict in the Middle East ); risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; inability of Surge to fund its future capital requirements and business plan; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks); commodity price and exchange rate fluctuations and constraint in the availability of services, adverse weather or break-up conditions; uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures; risks related to decommissioning liabilities including as a result of changes to laws or regulations, reserves estimates, costs and technology; failure to obtain the continued support of the lenders under Surge's current credit facilities; potential decrease in the available lending limits under Surge's credit facilities as a result of the syndicate's interpretation of the Company's reserves, commodity prices and decommissioning obligations; or the inability to obtain consent of lenders to increase or maintain the credit facilities. Certain risks are set out in more detail in Surge's annual information form dated March 6, 2024 and in Surge's interim management discussion and analysis for the period ended September 30, 2024 , both of which have been filed on SEDAR+ and can be accessed at www.sedarplus.ca . The forward-looking statements contained in this press release are made as of the date hereof and Surge undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Oil and Gas Advisories The term "boe" means barrel of oil equivalent on the basis of 1 boe to 6,000 cubic feet of natural gas. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 1 boe for 6,000 cubic feet of natural gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. "Boe/d" and "boepd" mean barrel of oil equivalent per day. Bbl means barrel of oil and "bopd" means barrels of oil per day. NGLs means natural gas liquids. This press release contains certain oil and gas metrics and defined terms which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar metrics/terms presented by other issuers and may differ by definition and application. Non-GAAP and Other Financial Measures This press release includes references to non-GAAP and other financial measures used by the Company to evaluate its financial performance, financial position or cash flow. These specified financial measures include non-GAAP financial measures and non-GAAP ratios, are not defined by IFRS and therefore are referred to as non-GAAP and other financial measures. Certain secondary financial measures in this press release – namely "adjusted funds flow", "adjusted funds flow per share", "net debt", "free cash flow", "free cash flow per share", "net operating expenses", "net operating expenses per boe", "operating netback", and "operating netback per boe" are not prescribed by GAAP. These non-GAAP and other financial measures are included because management uses the information to analyze business performance, cash flow generated from the business, leverage and liquidity, resulting from the Company's principal business activities and it may be useful to investors on the same basis. None of these measures are used to enhance the Company's reported financial performance or position. The non-GAAP and other financial measures do not have a standardized meaning prescribed by IFRS and therefore are unlikely to be comparable to similar measures presented by other issuers. They are common in the reports of other companies but may differ by definition and application. All non-GAAP and other financial measures used in this document are defined below. Adjusted Funds Flow & Adjusted Funds Flow Per Share Adjusted funds flow is a non-GAAP financial measure. The Company adjusts cash flow from operating activities in calculating adjusted funds flow for changes in non-cash working capital, decommissioning expenditures, and cash settled transaction and other costs. Management believes the timing of collection, payment or incurrence of these items involves a high degree of discretion and as such, may not be useful for evaluating Surge's cash flows. Changes in non-cash working capital are a result of the timing of cash flows related to accounts receivable and accounts payable, which Management believes reduces comparability between periods. Management views decommissioning expenditures predominately as a discretionary allocation of capital, with flexibility to determine the size and timing of decommissioning programs to achieve greater capital efficiencies and as such, costs may vary between periods. Transaction and other costs represent expenditures associated with property acquisitions and dispositions, debt restructuring and employee severance costs, which Management believes do not reflect the ongoing cash flows of the business, and as such, reduces comparability. Each of these expenditures, due to their nature, are not considered principal business activities and vary between periods, which Management believes reduces comparability. Adjusted funds flow per share is a non-GAAP ratio, calculated using the same weighted average basic and diluted shares used in calculating income (loss) per share. Free Cash Flow and Free Cash Flow Per Share Free cash flow is a non-GAAP financial measure. Free cash flow is calculated as cash flow from operating activities, adjusted for changes in non-cash working capital, decommissioning expenditures, and cash settled transaction and other costs, less expenditures on property, plant and equipment. Management uses free cash flow to determine the amount of funds available to the Company for future capital allocation decisions. Free cash flow per share is a non-GAAP ratio, calculated using the same weighted average basic and diluted shares used in calculating income (loss) per share. Net Operating Expenses & Net Operating Expenses per boe Net operating expenses is a non-GAAP financial measure, determined by deducting processing income, primarily generated by processing third party volumes at processing facilities where the Company has an ownership interest. It is common in the industry to earn third party processing revenue on facilities where the entity has a working interest in the infrastructure asset. Under IFRS this source of funds is required to be reported as revenue. However, the Company's principal business is not that of a midstream entity whose activities are dedicated to earning processing and other infrastructure payments. Where the Company has excess capacity at one of its facilities, it will look to process third party volumes as a means to reduce the cost of operating/owning the facility. As such, third party processing revenue is netted against operating costs when analyzed by management. Net operating expenses per boe is a non-GAAP ratio, calculated as net operating expenses divided by total barrels of oil equivalent produced during a specific period of time. Operating Netback and Operating Netback per boe Operating netback is a non-GAAP financial measure, calculated as petroleum and natural gas revenue and processing and other income, less royalties, realized gain (loss) on commodity and FX contracts, operating expenses, and transportation expenses. Operating netback per boe is a non-GAAP ratio, calculated as operating netback divided by total barrels of oil equivalent produced during a specific period of time. There is no comparable measure in accordance with IFRS. This metric is used by management to evaluate the Company's ability to generate cash margin on a unit of production basis. For more information about Surge, please visit our website at www.surgeenergy.ca Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility of the accuracy of this release. SOURCE Surge Energy Inc. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/19/c1934.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.A distinguished expert in microbiology, Saloni Sharma has transformed testing standards across vital sectors affecting public wellbeing. With her innovative mindset and technical expertise, she has revolutionized quality control practices in pharmaceuticals, immunology, and dairy production. Her methodical strategies and groundbreaking protocols have consistently pushed the boundaries of microbiological testing, establishing new quality benchmarks that protect consumer health. At RANBAXY PHARMACEUTICALS Ltd., Sharma revolutionized testing methodologies by developing unique validation approaches for the Microbial Limit Test. Her novel techniques in Antimicrobial Effectiveness Testing reshaped how preservative efficacy is evaluated in pharmaceutical formulations. She introduced refined protocols for Vitamin B-12 and Neomycin assays, enhancing accuracy and reliability. Under her guidance, the facility achieved unprecedented precision in contamination detection, establishing protocols that would later influence industry-wide practices. Her innovative methods streamlined testing procedures while maintaining rigorous quality standards, marking a significant advancement in pharmaceutical quality control. Her contributions at MAHATMA GANDHI HOSPITAL transformed diagnostic practices through innovative applications of immunological testing. She refined traditional Gram Staining techniques, developing unique approaches that improved accuracy in bacterial identification. Her novel methodology in Antibiotic Susceptibility Testing enhanced treatment selection processes, leading to more effective patient care strategies. By implementing distinctive protocols for specialized tests including Immunoelectrophoresis, ELISA, and Widal analyses, she revolutionized the hospital's diagnostic capabilities. Her unique approach to Total and Differential Leucocyte Counts introduced new standards for blood analysis, providing healthcare providers with more reliable diagnostic tools. At SARAS DAIRY, Sharma engineered groundbreaking approaches to dairy product safety. She developed distinctive applications of the Methylene Blue Reductase Test, introducing innovative modifications that enhanced accuracy in bacterial detection. Her unique monitoring systems for pasteurization processes established new industry benchmarks for quality control. She created original methodologies for detecting coliform bacteria and measuring lactic acid levels, implementing systems that significantly improved product safety while maintaining efficiency. Her innovative quality management strategies transformed how dairy products are tested and monitored throughout the production process. Sharma's impact extends beyond individual testing procedures. She has created comprehensive quality management systems that integrate advanced scientific principles with practical applications. Her original approaches to staff training and protocol development have enhanced operational efficiency while maintaining the highest safety standards. She has consistently demonstrated an exceptional ability to identify areas for improvement and implement innovative solutions across different industrial contexts. About Saloni Saloni Sharma stands as a pioneer in advancing microbiological testing across multiple industries. Her creative problem-solving abilities and deep technical knowledge have revolutionized how quality control is approached in critical sectors. Through her original methodologies and innovative protocols, she has established new standards for safety and reliability in product testing. Her unique contributions to pharmaceutical, immunological, and dairy testing have significantly advanced public health protection measures. Sharma's remarkable ability to develop original solutions to complex challenges, combined with her commitment to scientific excellence, has earned her recognition as a transformative figure in microbiological testing. Her continuing influence shapes how industries approach quality control and safety standards, ensuring better protection for public health through innovative testing methodologies.

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