GREY:ZARFF - Post by User
Post by
stockfyon May 15, 2019 3:58am
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Post# 29748677
ZAR's BV at C$29m, Free CF, NAV per share at C$0.11 (PDP)
ZAR's BV at C$29m, Free CF, NAV per share at C$0.11 (PDP)Stockholder Equity is C$29 million. Fact.
ZAR generated positive operating cash flow and free cash flow in Q1 2019 thanks to higher oil prices and the elimination of the convertible debentures. Fact.
Average oil prices have risen compared to Q1 2019, so Q2 2019 will be even better with higher operating cash flow and higher free cash flow than in Q1 2019. Fact:
"The outlook for Zargon is improving in 2019 with the narrowing of the WTI-WCS differentials and the settlement of our $41.94 million principal amount of convertible debentures. "
A decent deal for the sale of the excellent North Dakota asset based on the key metrics for the recent Williston Basin deals will push ZAR above C$0.10 per share and bring it closer to its NAV per share.
NAV per share is C$0.11 per share based on its PDP reserves alone. See the reserves report. Fact.