Surge Energy Inc (Alberta) T.SGY

RE:I get 83 million cffo in 2020

[ppp]

Net Debt  End of 19

Bank debt
Accounts receivable
Prepaid expenses and deposits Accounts payable and accrued liabilities Dividends payable
Convertible debentures
Total

(316,404) 41,486 4,875

(40,848) (2,719) (68,699) (382,309)

December 31, 2019 and 2018 Management Discussion and Analysis

($000s)

As at December 31, 2019

Net Debt q3 20

Bank debt
Accounts receivable
Prepaid expenses and deposits Accounts payable and accrued liabilities Dividends payable
Convertible debentures
Total

(296,055) 25,205 4,900

(33,507) —

(70,536)

(369,993)

September 30, 2020 and 2019 Management Discussion and Analysis

($000s)

As at September 30, 2020

  

IMO, they won't be able to pay more than 5-6 mil off in Q4 as their CF should be around 18 mil. Capex 10- 12 mil Hope its more. So exit 20 with 365 mil debt. Started 20 with 382.3 debt