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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 pablo87on Jan 16, 2019 12:38pm
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Post# 29240219

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

RE:RE:RE:RE:RE:RE:Look forward to updated presentationThe best most straightforward move after this would be to sell ND (which they are doing) and then use the proceeds and some bank debt to acquire deeply discounted heavy oil assets.  If they can double ND's cash flow, combined with the Debbie interest savings, they're easily generating cash. The last thing they HAVE to do is mothball Little Bow ASP with an eye to eventually dismantling it altogether.

One thing that has been lost on investors in all this is that they've (zar) managed their assets quite well ( they're good plumbers) just that the debentures and esp esp Little Bow is such a dog.

Right now with this conversion and the debt and pipeline shortage induced low heavy oil asset valuations (hopefully still the case with WCS recovered) they have a chance to get out of the hole and be back to being a sustainable entity.
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Dealroom for high-potential pre-IPO opportunities