Zargon Oil & Gas Ltd T.ZAR

Primary Symbol: 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 > Voted NO

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Comment by Methodon Dec 24, 2018 12:14pm

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Post# 29154480

RE:RE:Voted NO

The only issues I see with voting no is that the receiver will likely get more than the equity holders and the convertibles are an impediment to any deal for less than $42.5m in value.

The idea that they can pay PIK interest is unfortunately not possible so that’s when they will default and go into receivership.

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