KEYFACT Energy
Zargon Oil & Gas Ltd. has re-engaged Macquarie Capital Markets Canada Ltd. as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a corporate merger, sale, recapitalization or reorganization. Zargon’s long-life, low-decline oil exploitation assets have significant upside potential in a period of prolonged higher oil prices. In addition, Zargon brings a TSX listing and more than $155 million of non-capital losses that could have significant value in a more favourable Canadian energy investment climate.
As previously announced, Zargon also commenced marketing its North Dakota assets in December 2018, assisted by Energy Advisors Group (formerly PLS).