Zargon Oil & Gas Ltd ZARFF

Annual Report - Tomorrow

[Zola2]

Got an email from Zar - Annual Report and Updates March 14. Looking forward to it.

[pablo87]

Out now, presentation updated too.  I think they might generate $1M+ of cashflow in Q1.  Proved producing reserves is 11 cents a share?  We're going to be fine if WTI can hold above US$55 and the differential stays narrow. Interesting stock- at US$45 WTI it's game over, at US$65 it's easily worth more than 11 cents IMO.  So no rush to take a low ball offer I don'

[Zola2]

Annual Report as expected and there is still life left in ZAR. Also like the producing reserves at 11 c = and proved and provable reserve is 18 c - long life with low decline. Of course debt is always a concern, but they can carefully manage it.

[rad10]

A McDaniel proved and probable of 18 cents per share............... I have some ocean front real estate in kansas or a bridge in New York I can sell them........... But seriously - a lot of us are sitting on some large losses in this name.  11 cents seems a long way away but would be awesome. GLTA

[Zola2]

Low volume after the report. Next week we could see an uptick in the share price with increased volume. The report did not stress enough the positive aspects of the company (hopefully) Holding and a share price of 4 to 6 c should be possible this Spring. Have a pleasant weekend.

[pablo87]

Other than a transaction, the value and ultimately the share price driver is WCS and WTI.  The costs are pretty well fixed (we'll be lucky if ops + sga + capex comes in under $7M for Q1) (CEO is not a cost cutter apparently), so are volumes, royalties, # of days in a quarter... If WCS was C$65 and WTI US$60, we'd be banking C$2M a qtr give or take. They update the stock price real