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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.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd
Bullboard Posts
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(10)
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Comment by red911on Jan 10, 2017 6:32pm
108 Views
Post# 25691196

RE:RE:RE:RE:Great news today...on debentures

RE:RE:RE:RE:Great news today...on debenturesCorrect me if I am wrong but wouldn't conversion option of remaining $38M in debentures at $1.25 be triggered if exercised by company? Sure they are sweetening the pot for debenture holders but are getting big extension and likely significant redemption of debentures in return are they not? Having all this tidied up may make Zargon more attractive takeover target? At the very least it secures their future for another 3 yrs during this period of uncertainty. I'm a buyer here.
Bullboard Posts
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