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CONA RESOURCES LTD T.CONA

Energy Oil & Gas Integrated
"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

CONA RESOURCES LTD > Waterous screw things up
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Comment by tvstockon Dec 16, 2017 3:40pm
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Post# 27171875

RE:RE:Waterous screw things up

RE:RE:Waterous screw things upMy guess is that if Waterous take 100% all those bonds and debts will appear on its own balance sheet. He can't risk too much.


Am I correct ? I do not have sufficient accounting knowledge .


Say worst case scenario, if CONA bankrupt, Waterous currently has no obligation to repay those bonds ? Am i correct?
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