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Zargon Oil & Gas Ltd 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.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > ZAR's US financing
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Comment by rad10on Nov 04, 2018 8:17pm
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Post# 28922351

RE:RE:RE:RE:RE:RE:ZAR's US financing

RE:RE:RE:RE:RE:RE:ZAR's US financingThey wont make it to December 2019. They will make a recapitalisation proposal early next year. Shareholders wiped out / diluted into oblivion hence the insider selling en masse. maybe shareholders keep 5% of the equity. Debentures converted into equity - hopefully we get at least 95% plus of the company. Do the math as to what you think the assets and tax pools are worth. WTI/WCS differentials are not for ever - but it is too late for Zargon
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