Zargon Oil & Gas Ltd ZARFF

this quarter June 30th 2017

[soulpower]

any thoughts on results?

thanks
SP

[pablo87]

Decent.  Consumed $2.5M in first half, expects a little more production in 2nd half, also they made paper money on hedges.  So 2017 may be cf neutral and production slightly up.  Not sure why they operate w/o a credit line though.. sb good for at least $20M...Also 5% dilution on o/s shares due to options.  Of note debbies are convertible into shares in 2019. The market is

[soulpower]

thanks. looks like the market doesn't care going lower. anyhowwww!

[pablo87]

The only way out is an asset sale or transaction and there is too much inventory for sale and new production coming on line atm.  Otherwise the debbie debt or something else may eventually massively dilute shareholders.  Fundamental problem is they don't generate cash at these levels to pay debt down. Unlike a Pxx which does generate $$$ - which is why its up 15-20% recently ( but

[stockfy]

pablo87, You don't have one single ZAR share (see your own recent disclosure above). Nevertheless, you have wasted a ton of time during the last months and you have posted numerous comments on this board. Suspicious.....

[pablo87]

stockfy, that's true though I was considering getting back in until Hansen began selling.

[pablo87]

Stockfy, would it make a difference if I owned 1,000 shares or was short 1,000? No. It's just a company I follow and now that I know a bit about it, might as well stay on top of it, share what I know and get feedback. Who knows I may buy 500,000 shares in the future or short 500,000. But if I post, it's truthful. I like the company but not sure what to make of it. Ps - my credibility I