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Zargon Oil & Gas Ltd T.ZAR


Primary Symbol: 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)
•••
Comment by red911on Jan 11, 2017 9:11am
121 Views
Post# 25692811

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

RE:RE:RE:RE:RE:RE:Great news today...on debentures
K thanks for correcting.  Still see this as a net positive for common.  Cash in the bank being used to retire 1/3 of outstanding debentures.  Remaining 2/3 of $38M of debentures are extended to Dec 2019 at 8% and can be redeemed at $1.25 but only if share price is >$1.56.  Lots can happen between now and 2019.  Deal certainly gives ZAR options going forawrd.  Sure it may take a little more time but they do seem to be doing the right things thus far.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities