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.

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Zargon Oil & Gas Ltd > death watch

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Comment by Theconsortmanon Sep 08, 2020 10:14am

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Post# 31519765

RE:RE:death watch

I guess the answer was 26 days. Hansen keeps his job?

BobTheKnob2 wrote: I guess the answer is - about three months, or maybe a bit longer.

From the press release announcing the second quarter financials (first paragraph):

FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2020)

The Company may be required to seek formal creditor protection in the very near term. There is material uncertainty surrounding the Company’s ability to continue as a going concern that creates significant doubt as to the ability of the Company to meet its obligations as they come due. Therefore, the Company may be unable to realize it assets and discharge its liabilities in the normal course of business.

Wildcattter wrote: all production shut in, how long can zar exist with no money coming in? answer is, not very