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.

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Zargon Oil & Gas Ltd > North Dakota related

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Comment by Cardboard1on Jul 13, 2018 9:05am

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Post# 28311101

RE:North Dakota related

Sounds awfully expensive at $130,000+ CAD per flowing however, only $6 CAD per 2P boe.

Remains amazing that Zargon is unable to do anything with its assets.

WCS is near $70 CAD in Canada and this property in North Dakota must be generating a lot of free cash flow with WTI at $70 U.S. and no shipment bottlenecks. The hedges were really bad but, they should now be mostly out of them in H2.

They have a lot of decommissioning liabilities but, also a lot of valuable tax loss carryforwards. Maybe the earlier is the problem?

Cardboard

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