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Zargon Oil & Gas Ltd ZARFF

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

Comment by hawkowl1on Dec 13, 2018 3:21pm
72 Views
Post# 29111925

RE:post conversion

RE:post conversion

Interest costs saved with Deb's converted amounts to $4.50 per boe produced.. 
all of it going to cash flow. 
With no debt it certainly will be attractive to a private company who wants to go public . 

Along with Zargon's significant tax loss credits which are significant.
Will not be surprised to suddenly see a lot of interest when this conversion happens. 
A NO vote will drag this on fore ever. 
A yes vote could result in a sale of entire company within a few months after conversion.
a price between .12 cents to 15 cents is realistic.
 

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