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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... see more

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Zargon Oil & Gas Ltd > New Zargon director

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Post by pablo87 on Feb 21, 2019 8:45pm

New Zargon director

The Concise Capital founder. Speculation: Since Concise owns way more shares than anybody else, they want a say so and they probably want an exit strategy...as most of us do...

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Comment by rad10 on Feb 22, 2019 8:08am

It can't hurt.... probably a good thing.

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Comment by Cardboard1 on Feb 22, 2019 8:43am

We are getting close to the AGM and it is possible that a proxy fight threat had been issued. This would avoid that but, these guys will now know what is going on in all these dealings which should be a good thing. For example, trying to sell assets right now in a near completely frozen market and spending a bunch of fees on advisors while they have no debt due (cash flow alone and working ...more

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Comment by pablo87 on Feb 22, 2019 1:28pm

Cardboard, if as you say the market is near completely frozen, then the asset you keep is North Dakota as its generating cashflow, has room to grow and I suspect, has minimal necessary SG&A associated with it. It will retain its value - sooner or later, we'll get C$30M for it (minimal decline - it might have 20 years of actual reserves if one assumes some upwards revisions) and meanwhile ...more

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