CALGARY, ALBERTA–(Marketwired – Feb. 23, 2017) – Zargon Oil & Gas Ltd. (the “Company” or “Zargon”) (TSX:ZAR)(TSX:ZAR.DB) announces fourth quarter 2016 production volumes and announces 2016 year end reserves. Zargon intends to release its 2016 audited financial results on March 15, 2017, after market close.
2016 FOURTH QUARTER PRODUCTION VOLUMES:
Fourth quarter 2016 production averaged 1,952 barrels of oil and liquids per day, a 33 percent decrease from the preceding quarter rate of 2,915 barrels of oil and liquids per day, reflecting $92.1 million of third quarter 2016 Southeast Saskatchewan and Killam, Alberta property sales. Similarly, fourth quarter 2016 natural … Continue Reading