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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.


GREY:ZARFF - Post by User

Zargon Oil & Gas Ltd > Look forward to updated presentation
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Comment by hawkowl1on Jan 15, 2019 3:20pm
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Post# 29235609

RE:RE:RE:RE:Look forward to updated presentation

RE:RE:RE:RE:Look forward to updated presentation

IMO its not an issue at all. Especially if a company with a high LMR takes over Zargon.
 

Zargon currently has an LMR of 1.18 which is above the 1 . threshold. Dec 2018
and that is up from 1.15 in January of 2018.
 

Cardinal has a LMR of 1.99 as of Dec 1,2018. Cardinal will not be buying Zargon but if a company with a similar LMR as CJ buys Zar there LMR would drop a bit but not significantly and life goes on. Those liabitiies will not come into play for many years. 
 

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