Zargon Oil & Gas Ltd T.ZAR

Primary Symbol: ZARFF

Energy Oil & Gas E&P

Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin projects.

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Zargon Oil & Gas Ltd > I'm Thinking This is a Yes Vote

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Comment by PetroExploreron Dec 28, 2018 11:22am

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Post# 29164509

RE:RE:RE:RE:I'm Thinking This is a Yes Vote

Pablo, at least they aren't trying something really stupid, like say offer the Debenture Holders 14 cents on the dollar, in some kind of transaction. We've seen that game, before.

Zargon has no bank debt, and just the one small loan-shark loan, for which the US assets where pledged as collateral. By not having a bank line, they are in better shape than many companies, out there.

I agree with you that the banks were always reducing their exposure, and trying to pile off the debt in these debenture deals. So Zargon could take out their debenture debt, then the banks will be eager to lend them more money, in some way, to perpetuate the cycle.

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A junior copper-gold stock trading at a bargain of monumental proportions