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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 > Zargon hires Macquarie
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Comment by EstevanOutsideron Mar 26, 2019 11:52pm
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Post# 29540443

RE:RE:RE:RE:RE:RE:RE:RE:RE:Zargon hires Macquarie

RE:RE:RE:RE:RE:RE:RE:RE:RE:Zargon hires Macquariehey Cardboard1, nice to see you here.  I just took another look at Zargon a couple months after I had it on my soon-to-bankrupt risk earlier this year from Q4.  First thing I noticed the company has 12 office staff but only 4 field staff.  Secondly, no near term debt if  I understand?  

It seems Zargon merely ran out of money for capex spending.

Could an equity raise (like Cequence) get the company generating cash flow again?

Just wondering.  Dont' follow this company closely yet but the situation is improving and if the company isn't going to be sold or bankrupt, there is probably some potential here!
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