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 > ZAR can sell nat gas assets (AECO at C$2.50) & RF the notes

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Comment by Philbert77on Nov 06, 2018 10:29am

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Post# 28930228

RE:ZAR can sell nat gas assets (AECO at C$2.50) & RF the notes

Thanks for the post, stockfy. I appreciate the clarification. I have no problem admitting I am a novice in the area of debentures (and oil and gas debentures).

So, correct me if I am wrong, converting the debentures into shares is a worst case scenario as it will completely dilute the shares. They would only do this if they were unable to pay the distribution on the debentures?

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