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Bullboard - Stock Discussion Forum 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... see more

Bullboard (GREY:ZARFF)

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Post by stockfyon Nov 26, 2018 4:44am

Why voting YES for the debenture deal

It seems that some debenture holders ignore that Craig Hansen holds both debentures and common equity. And the CEO holds more than 1.5 million common shares, so he will not allow his common stock ...more  
100
Discussion
Post by pablo87on Nov 25, 2018 11:12pm

Why Vote NO (long post)

Based on my experience with TBE, it only makes sense to vote NO.  The reason being, not only do the debentures have priority but they also have legal rights that common shares do not have. There ...more  
100
Comment by rad10on Nov 25, 2018 9:04pm

RE:RE:RE:RE:Revised Proposal

Method there are several ways of structuring a deal that can buy time for the company and preserve seniority for the debentures. It's not trolling - it's about getting a fair deal. This isn ...more  
48
Discussion
Comment by Methodon Nov 25, 2018 6:58pm

RE:RE:RE:Revised Proposal

I thought the reason there is no equity vote required for the current proprosal because it is being proposed at the current market price. If it's for a PIK proposal why wouldn't you need a ...more  
56
Discussion
Comment by rad10on Nov 25, 2018 1:11pm

RE:RE:Revised Proposal

No equity vote required for either the proposal on the table or a PIK proposal as suggested Method. Just a way of buying time. cheers.  Rad10
45
Discussion
Comment by Methodon Nov 25, 2018 10:30am

RE:Revised Proposal

i don’t think this proposal makes any sense since you would still have to have a debenture holder vote to change the indenture agreement to allow a PIK payment and you would also likely have to get a ...more  
54
Discussion
Post by cigarbutt1on Nov 25, 2018 9:46am

Potential opportunity

I've been looking at the debentures in the last few days and see a potential opportunity from the typical operational quantitative point of view. Reviewing this thread, I see some familiar names.  ...more  
96
Post by rad10on Nov 24, 2018 6:32pm

Revised Proposal

I  am going to propose to the board that debentureholders receive a PIK in stock for the March payment in order for the company to buy time. The interest liability in March 2019 is 1.68 million ...more  
96
Discussion
Comment by PetroExploreron Nov 24, 2018 12:57pm

RE:Without any bank bebt , convertible debentures are first in

Reality check: that may not be so easy, for a couple of reasons: 1.  The current low price, reduces the asset valuation, of their properties.  A property could be sold, but it might not get ...more  
74
Discussion
Comment by rad10on Nov 24, 2018 11:31am

RE:RE:RE:RE:Conversion at $0.1 or $0.2, Both oil spreads improve in NOV

Posting twice for dramatic effect doesn't get you any smarter Champ.  Good luck with your "investments" in Zargon, Cardinal, Athabasca and every other piece of junk.... The empty ...more  
82
Discussion
Comment by stockfyon Nov 24, 2018 9:56am

RE:RE:RE:Conversion at $0.1 or $0.2, Both oil spreads improve in NOV

rad10, you keep being a waste of time. Contact the company. Interest in March 2019 will be paid in shares. No cash. You get the Ph.D of being the most short-sighted and ignorant poster on the ZAR ...more  
56
Discussion
Comment by stockfyon Nov 24, 2018 9:55am

RE:RE:Conversion at $0.1 or $0.2, Both oil spreads improve in NOV

rad10, you keep being a waste of time. Contact the company. Interest in March 2019 will be paid in shares. No cash. You get the Ph.D of being the most short-sighted and ignorant poster on the ZAR ...more  
60
Discussion
Comment by pablo87on Nov 24, 2018 9:37am

RE:RE:RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?

My gut on this Saturday morning is telling me to vote NO. The reason is not to lose our priority until we are absolutely forced to (which we will be at Dec. 31 2019).  This was my experience with ...more  
69
Discussion
Comment by rad10on Nov 24, 2018 7:10am

RE:Conversion at $0.1 or $0.2, Both oil spreads improve in NOV

Lol - you can smell the desperation coming from a guy that couldn't even foresee the debenture proposal and thought the notes could be refinanced. so impressive - predicting commodity prices a ...more  
71
Discussion
Post by stockfyon Nov 24, 2018 6:18am

Conversion at $0.1 or $0.2, Both oil spreads improve in NOV

The debenture holders will receive common stock either they convert today or in December 2019. The debenture holders will also receive the interest in March 2019 in common stock. No matter what ...more  
112
Discussion
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