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

<< Previous

Bullboard Posts

Next >>

Comment by PetroExploreron Dec 29, 2018 10:57pm

93 Views

Post# 29168917

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

Pablo, I was thinking of our Twin Butte debacle, or the attempted theft of the value from Debenture Holders, and the handoff to the National Bank.

But you raise a good point on Perpetual Energy: there were some shenanigans that went on there, too. The problem there was the subsequent rights offering, that diluted the Debenture Holder's shares, that they received. I'd have to go back in time, and crunch the math. Overall, it didn't end well, thanks to the ongoing collapse in natural gas prices.

That is one risk with voting yes: if the company decides to do some sneaky offering that dilutes the newly printed shares, to try and give the company some new capital. But the question then becomes who wants to put money into the company?

<< Previous

Bullboard Posts

Next >>

Showcase Minerals identifies uranium and rare earth elements in Quebec