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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 > Debenture holders will get stock either way
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Comment by rad10on Nov 22, 2018 4:16pm
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Post# 29011409

RE:RE:RE:RE:RE:RE:Debenture holders will get stock either way

RE:RE:RE:RE:RE:RE:Debenture holders will get stock either wayyou are outlining all the reasons not to take the offer cardboard.  where are the shares trading?  why should we give away a premium on the current share price and forego interest payments................

Trading similar notes in Arcan and Twin Butte - it made sense to delay as long as possible.  Everything worked out a treat with those two!  

Any prospective suitor will be able to see the bigger picture - the debs are going to get converted in 13 months.  There is no rush for us to do this...................
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