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Bullboard - Stock Discussion Forum Zargon Oil & Gas Ltd ZARFF

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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Comment by rad10on Nov 23, 2018 9:57am

RE:Craig Hansen

bit harsh Bonecreek..... CH and the BOD are not responsible for the unprecedented WCS discount.
Post by stockfyon Nov 23, 2018 7:09am

Conversion at $0.10 now or at $0.20 - $0.25 in Dec 2019?

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. Both are facts. So ...more  
Post by hawkowl1on Nov 23, 2018 7:01am

ZAR.DB

This discussion may be all for nothing. Would like to find out who are current holders of debentures? Nothing shows on Canadian Insider.. The majority holders may be in just a few institutional hands? ...more  
Post by Bonecreek2on Nov 22, 2018 9:52pm

Craig Hansen

I am amazed that there are not more posts for Craigs depature & BOD resignations, once CPG started going down every one wanted the Scott out of their, Zargon will never survive with the current ...more  
Comment by rad10on Nov 22, 2018 9:37pm

RE:RE:RE:RE:RE:RE:RE:RE:Debenture holders will get stock either way

10 months is the delay cardboard and for that you are foregoing debenture interest and leaving 6% on the table.  The meeting is scheduled for the new year.....  SMH.
Comment by Cardboard1on Nov 22, 2018 9:26pm

RE:RE:RE:RE:RE:RE:RE:Debenture holders will get stock either way

"why should we give away a premium on the current share price and forego interest payments" To make money more quickly vs wasting time and risking a lot for a few pennies. There is no ...more  
Comment by rad10on Nov 22, 2018 4:16pm

RE:RE:RE:RE:RE:RE:Debenture holders will get stock either way

you are outlining all the reasons not to take the offer cardboard.  where are the shares trading?  why should we give away a premium on the current share price and forego interest payments.. ...more  
Comment by Cardboard1on Nov 22, 2018 3:31pm

RE:RE:RE:RE:RE:Debenture holders will get stock either way

For debentureholders (I am) to try to squeeze everything out is gaining 6.6% or going from 93.8% to 100% ownership and this theoritical calculation means waiting until December 31, 2019 and even then ...more  
Comment by rad10on Nov 22, 2018 9:55am

RE:RE:RE:RE:Debenture holders will get stock either way

What will the VWAP be in December 2019?  You think it will be ten cents???? Why forego interest payments and take 94% of the company.  There is only 3.5 million US of secured debt ahead of ...more  
Comment by pppon Nov 22, 2018 9:22am

RE:RE:RE:Debenture holders will get stock either way

Petro , always good to see your point of view.  Thanks for keeping it real. GL.
Post by hawkowl1on Nov 22, 2018 9:17am

StockWatch energy summary ..Zargon

Down toward the bottom, Alberta- and North Dakota-focused Zargon Oil & Gas Ltd. (ZAR) had a rough day, dropping 4.5 cents to seven cents on 680,900 shares. It has proposed a shares-for-debt deal ...more  
Comment by rad10on Nov 22, 2018 6:46am

RE:RE:RE:RE:RE:Debenture holders will get stock either way

Indeed Pablo...  there is no rush for any debentureholder to accept this deal. 
Comment by pablo87on Nov 22, 2018 3:09am

RE:RE:RE:RE:Debenture holders will get stock either way

In Twin Butte case, priority rank of debentures - albeit only over shares - proved invaluable...probably not the best idea to give that right up now even though we get converted anyway in a year.
Comment by rad10on Nov 22, 2018 2:44am

RE:RE:RE:Debenture holders will get stock either way

A failed vote and a new 10 day average is not a whole lot of work for a 4% return..... it is a no brainer.  Interesting to see how this plays out. No consent fee mentioned in the announcement ...more  
Comment by PetroExploreron Nov 21, 2018 9:56pm

RE:RE:Debenture holders will get stock either way

Good point ppp: layers are expensive, and so are Reserves Auditors, Receivership Managment companies, and Investment Bankers.  These are all people that salivate overe the "guaranteed fees ...more  
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