Zargon Oil & Gas Ltd T.ZAR

just bleeding this dog down

[RollinInDough]

zar is dead.  no way you should hold it, sell out before it is too late.

this is what is going on, for all you uneducated dimwit owners


since the Redwater decision and the later reversal by the supreme court.  we see the companies will have to handle their well remediation obligations.  Redwater was allowed to put the creditors ahead of the well obligations... no more (alos how tbe deb holdrs got pennies back when they should not have).  so now zar cannot get a company like Sayer to market the assets and pay out creditors and pass on the costs to rehabiltate the wells sites to the industry funded orphan well fund which ultimately often means the taxpayers would end up paying.... NO MORE!  

so what now?  companies like Sayer would not market the assets when they knew the well remidiate obligation were taking away the money they need to get paid.  so a new deal must be found.... zar is showing what this new idea is.... pay down debt by not operating anymore... cut all expenses, lay off everyone they can... do not spend on keeping the company going.... bleeding the company dry for the sake of the creditors.  Who will lose?  the shareholders will end up with nothing as the company is forced by the creditors to cut everything that might keep the company going.... 

and some dummies are talking about surviving here.... too funny.... what zar is doing is being forced to bleed off every penny to repay the banks... ultimately it will come to the point where there is nothing left here.... they go under and shareholders get zilch.... but the creditors have got what they could out of this junk company..

and that, my little dimwits, is what is really going on here.