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Zargon Oil & Gas Ltd ZARFF

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

Post by hawkowl1on Nov 21, 2018 4:51pm
102 Views
Post# 29007000

I will be voting yes to this proposal. Thinking of adding.

I will be voting yes to this proposal. Thinking of adding.

I consider this the first major step towards selling the entire company. Everybody looking into making a deal with Zargon were simply not interested due to fact an all share deal for common and debentures was not possible.Debentures had to be paid out. 
. Who would have wanted to finance $42 million for retiring debentures.? 

With debentures converted this makes it now possible for any entity that might have been interested in Zargon to now take a second look and make a all share offer.
Zargons true potential should be evaluated at a production rate of 2500 boe. They can quickly get back up there with some drilling and reactivation pending better pricing and more stable natural gas prices. A lot of positives need to happen  of course . The worse is over IMO....U.S properties alone worth $25 million. So 18 cents per fully diluted share late 2019 or early 2020 is realistic. Notley will be gone in spring 2019. Hopefully Trudeau in October.2019. Then it will be a whole new ball game.  

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