Zargon Oil & Gas Ltd ZARFF

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

[rad10]

hawkowl1 wrote:

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.  

Absolutely agree that a deal needs to get done hawkoil - but why should the shareholders retain 6%.???  Lets push for the revised offer with stock now priced at 6.5 cents a share.   

How successful have they been at marketing the assets over the last 2 years? 

We may be better off in receivership especially as this differential cannot last.................  Selling the assets piecemeal even out of CBCA / CCAA in the latter half of 2019 - with a considerably smaller differential may be more lucrative than the current offer.................