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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 > I will be voting yes to this proposal. Thinking of adding.
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Comment by rad10on Nov 21, 2018 9:53pm
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Post# 29008071

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

RE:RE:RE:RE:RE:RE:I will be voting yes to this proposal. Thinking of adding.
Philbert77 wrote: What is the point of pushing for more? Would we rather have more cash in the till so the company can actually survive? and what;s the point of pushing for a lower share price? Aren't we just gonna be dividing up the company anyways? how does a lower share price really do anything? all i see that is doing is giving existing shareholders a smaller piece of the pie...


Isn't maximizing recovery the whole point in these situations?  The debentureholders are for the most part underwater. Our position in the capital structure enables us to push for a better deal. I am confident that letting the debentures run their course collecting interest and redeeming for massively diluted stock - will prove better than the existing offer. 

It is only a couple of weeks since stockfy was claiming the debentures could be refinanced....... lol. Why the rush to take the first offer?
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