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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 > ZAR's US financing
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Comment by pablo87on Nov 04, 2018 9:01pm
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Post# 28922467

RE:RE:RE:RE:RE:RE:RE:ZAR's US financing

RE:RE:RE:RE:RE:RE:RE:ZAR's US financingYou may be right. Personally I would like to see it in Q3 or Q4 in order for WCS to recover  - an earlier conversion is beneficial to debentureholders IMO.

Let's see what happens with the US drilling. I had done the WHAT IF scenario a while back on this and the cashflow impact of drilling was quite positive. Keep in mind, they have no tax pools in the US and once the debentures are gone, they don't have that to expense either so they'll have to keep drilling or pay taxes (might as well drill I guess) which could end up being a blessing in disguise.


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