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 > Share price down 30% in a few weeks

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Comment by pablo87on Aug 19, 2018 10:40am

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Post# 28483590

RE:RE:Share price down 30% in a few weeks

They had $3.2M cash at June 30 (payables up $1.8M). Guessing revenues may come in $1M less than Q2 (so similar to Q1) with current WCS levels. They said ops costs are coming down ($300K?), no hedge loss will add $1.5M, debenture pmt is $1.65M? So still OK but we are still nearing the end (as in a transaction needs to happen soon). IMO.

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