March 20, 2023 – Surge Energy US Holdings Company (“Surge Energy” or the “Company”) today
announced the Company has promoted Chris Alonzo to Senior Vice President, Development and
Operations from Vice President, Development effective March 16, 2023.

Mr. Alonzo’s role will continue to oversee the subsurface technical team, completion and production
teams, infrastructure team, and land organization. Recently his role was expanded to include the
oversight of the field operations and drilling functions.

“Chris is an important member of Surge’s Senior Leadership and has been instrumental in helping deliver
outstanding company results these past few years,” stated Chief Executive Officer Linhua Guan. “I have
significant confidence Chris will continue to provide excellent leadership in his expanded role and the
company will continue to deliver impressive results now and in the future.”

About Surge Energy
Surge Energy is an independent oil and natural gas company focused on the development, exploitation, production and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin.  The Company is headquartered in Houston, Texas, and currently holds approximately 114,000 net acres in the Permian Basin.  For more information, visit our website at www.SurgeEnergyA.com.

Contact Information
Travis Guidry
Vice President of Corporate Development & Investor Relations
Email: TGuidry@SurgeEnergyA.com
Phone: 832-333-2339

Investor Relations
Email: InvestorRelations@SurgeEnergyA.com
Phone: 832-333-2400