Waterous: Vote of confidence for NBZ Polymerfloods Projects That was a very good deal for NBZ and a vote of confidence for NBZ polymerfloods projects given that its production is primarily coming from polymerfloods projects.
The Waterous-NBZ deal has positive implications for ZAR's ASP project at Little Bow with low decline production and significant upside potential.
Proforma the recent redemption of the debentures, Zargon's strategic review is ongoing, so a sale of the ASP project at Little Bow and/or the North Dakota assets or both are very likely.
If grossly undervalued ZAR sells its ASP project based on the Waterous-NBZ deal, ZAR will eliminate its remaining debt that consists only of debentures.