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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.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > Great news today in Canadian oil patch..
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Comment by alkhoron Oct 05, 2018 12:37pm
136 Views
Post# 28752928

RE:RE:RE:RE:RE:Great news today in Canadian oil patch..

RE:RE:RE:RE:RE:Great news today in Canadian oil patch..The $1.25 is the price the debenture holders can convert their holdings to shares. If the company decides to pay the debentures off in shares then the conversation rate is normally 95% of the 20 day a average price after the announcement. Normally after they announce this the share price plummets. I would expect the conversation price would be about 5 cents. In other words, the debenture holders would own the company. Let's hope for a sale to keep everyone happy.
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