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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 > Decoupling North Dakota

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Post by pablo87 on Mar 26, 2019 2:35pm

Decoupling North Dakota

The company cannot borrow on Canadian assets, only reason they could borrow was North Dakota. My idea would be to set up a separate legal entity, public (VSE), keep costs low (easily done in vancouver) and run it separately. Asset worth 7 cents a share, cashflow could be disributed to shareholders. Even better reinstate the debentures and pay interest as its deductible. This would actually the safest course for shareholders.