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 > I'm Thinking This is a Yes Vote

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Comment by PetroExploreron Dec 27, 2018 9:43pm

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Post# 29162630

RE:RE:I'm Thinking This is a Yes Vote

I don't know rad, we'll have to see if some other large Debenture Holders step up, with an opinion.

But yes, the CEO is well invested in the debentures. From what I can see in their filings, he must have bought more in 2016. I recall at the time of the dutch auction, he stated that he wasn't going to sell any debentures, in the dutch auction. So he does have a vested interest in getting more value out of the debentures.

The main hope is to clean the company up, and then a quick flip into a larger producing firm. The status quo is not viable, with executives sucking out big salaries, from a declining asset base.

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