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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Zargon Oil & Gas Ltd > PSH's North Dakota deal at US$100K/boepd and ZAR's ND assets

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Comment by rad10on Dec 20, 2018 4:06pm

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Post# 29142880

RE:RE:RE:PSH's North Dakota deal at US$100K/boepd and ZAR's ND assets

This troll has been quite fanciful in his estimates and statements over several weeks funfacts. I hate to think how much he has lost either personally or on behalf of clients. He exclusively posts on companies that have been battered with the oil downturn. Engaging in respectful considered and fact based opinion is not productive in my experience. Thanks for helping set the record straight.

funfacts2018 wrote: stockfly

I have to guess that you calculated this incorrectly:
"

So ZAR can receive at least US$50,000 per boepd for its low-decline oily assets in North Dakota in 2019.

This means CAD$65,000 per boepd or CAD$26 million.

This sale alone in 2019 will push ZAR's stock significantly higher than 10 cents"

By my math, after accounting for additional shares issued in the debenture conversion the impact works out to:
$26,000,000 divided by 459,878,324 shares or $0.0565 per share. Give or take a couple of tenths of a cent, that purely hypothetical sale woukd barely get the share price back to 10 cents (from 4 cents today). That isn't "significantly higher" and if you discount the price at all to reflect the reduction in future cash flow, probably doesn't get back to 10 cents. And that assumes the market is actually rational ...