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Zargon Oil & Gas Ltd T.ZAR


Primary Symbol: 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 new Presentation with the 10 "drill-ready" locations
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Comment by pablo87on Nov 15, 2018 6:57pm
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Post# 28983589

RE:RE:RE:RE:RE:RE:ZAR's new Presentation with the 10 "drill-ready" locations

RE:RE:RE:RE:RE:RE:ZAR's new Presentation with the 10 "drill-ready" locationsIt all depends on what happens to oil prices. After the financing, Zar has ~$8M cash on hand but at current oil prices they could go thru $2M this quarter leaving $6M at December 31.

If the WCS differential continues into Q1 with no sign of abating, then yeah its probably prudent to save the company cash and issue shares instead.  

But that seems to be the worst case scenario as they could shutter some operations to reduce cash burn, WTI could recover, natural gas could stay strong, WCS may recover somewhat and the elephant in the room (we don't know when it will happen but it will happen it seems), they could sell North Dakota assets (the prepayment option on the loan is clearly enunciated for a reason and its not too onerous I don't think).
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