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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 > Zargon hires Macquarie
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Comment by rad10on Jan 17, 2019 2:03pm
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Post# 29246973

RE:RE:RE:RE:RE:Zargon hires Macquarie

RE:RE:RE:RE:RE:Zargon hires MacquarieOh Cardboard - you go form acuity to opaque in just a few short hours.......

I never wanted any equity in this steaming turd..................

I just wanted to preserve seniority for as long as possible and accept a PIK in March.  The conversion has enabled senior management to "rinse and repeat" - that is exactly what we are seeing unfold.

The Twin Butte debacle was a great example of reasonable debt recovery in CBCA - but with 3.5 million on the balance sheet it was NEVER going to come to that with Zargon.

Prolonging this just means the carcass gets picked over for longer...............

They called and you folded..................  slow clap............
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