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.

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Comment by funfacts2018on Dec 19, 2018 2:13pm

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Post# 29136076

RE:RE:post conversion

So, let them save their cash and pay the interest in shares, which they are entitled to do anyway.

Frankly, if they could have drilled their way out of this mess, they have had plenty of time to do it before now. Is the company a better buy now than it was in early 2017? I don't recall management rejecting any takeover offers. So I'm not exactly buying the notion that management has all these "great opportunities" if only they had access to a bit of cash.

Pay me in shares if you want, according to the original debenture terms, not this jack in the box surprise which only "benefits" shareholders by minimizing dilution. No need to involve any lawyers and December 2019 is hardly "forever" ...

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