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Last C$3.45 CAD
Change Today -0.05 / -1.43%
Volume 44.3K
ZAR On Other Exchanges
As of 4:00 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

zargon oil & gas ltd (ZAR) Snapshot

Previous Close
Day High
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52 Week High
05/7/14 - C$9.90
52 Week Low
03/17/15 - C$2.63
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Current Stock Chart for ZARGON OIL & GAS LTD (ZAR)

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zargon oil & gas ltd (ZAR) Details

Zargon Oil & Gas Ltd. engages in the exploration, development, and production of oil and natural gas in Canada and the United States. The company holds interest in Alberta Plains North, Alberta Plains South, and Williston Basin areas. As of December 31, 2014, it had proved and probable reserves of 22.29 million barrels of oil equivalent. The company was formerly known as Zargon Energy Trust and changed its name to Zargon Oil & Gas Ltd. in December 2010. Zargon Oil & Gas Ltd. was founded in 1987 and is headquartered in Calgary, Canada.

35 Employees
Last Reported Date: 03/10/15
Founded in 1987

zargon oil & gas ltd (ZAR) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$331.3K
Vice President of Operations
Total Annual Compensation: C$237.4K
Vice President of Corporate Development
Total Annual Compensation: C$253.5K
Vice President of Enhanced Recovery
Total Annual Compensation: C$225.2K
Compensation as of Fiscal Year 2013.

zargon oil & gas ltd (ZAR) Key Developments

Zargon Oil & Gas Ltd Provides Production Guidance for the First Quarter and Full Year of 2015 and Capital Expenditure Guidance for 2015

Zargon Oil & Gas Ltd. provided production guidance for the first quarter and full year of 2015 and capital expenditure guidance for 2015. The company provided first quarter 2015 and year average 2015 conventional (non-ASP) production guidance of 4,000 and 3,800 barrels of oil and liquids per day, respectively. With the reduced 2015 conventional capital budgets, these estimates are revised to average 3,900 and 3,700 barrels of oil and liquids per day in the 2015 first quarter and 2015 year average, respectively. Natural gas volumes were forecast to average 5.0 and 4.8 million cubic feet per day in the 2015 first quarter and 2015 year, respectively, and are now adjusted slightly to average 5.2 and 4.9 million cubic feet per day in the 2015 first quarter and 2015 year, respectively. Similarly, incremental Little Bow ASP production had been forecast to ramp-up in 2015 by producing 100, 250, 500 and 750 in the successive 2015 quarters with an average rate of 400 barrels of oil per day during the year. This forecast has now been revised to 30, 150, 330 and 520 in the successive 2015 quarters with an average rate of 260 barrels of oil per day during the year. The company provided an updated 2015 capital budget of $32 million, which allocated $20 million to ASP related expenditures and $12 million to conventional capital expenditures. Recognizing the continuing challenges presented by the 2015 oil price environment, the company have completed a capital budget reassessment and have reduced the total 2015 capital budget from $32 million to $25 million. Specifically, Zargon's conventional projects are more price dependent and consequently, the 2015 conventional capital budget has been decreased from $12 million to $8 million and will focus on projects related to waterflood expansions and modifications plus operating cost reductions. The company analysis continues to show strong returns and recycle rates for ASP chemical injections at current and lower oil prices. Consequently, the 2015 phase 1 ASP budget has now been set at $17 million and is comprised of $12 million of chemical costs and the above mentioned $5 million of remedial and optimization costs. Phase 2 construction costs of $12 million have been deferred by six months and are projected to commence in early 2016.

Zargon Oil & Gas Ltd Declares Monthly Cash Dividend for the Month of April 2015, Payable on May 15, 2015

Zargon Oil & Gas Ltd. confirmed that the monthly cash dividend for the month of April in the amount of CAD 0.03 per common share will be paid on May 15, 2015 to shareholders of record on April 30, 2015.

Zargon Oil & Gas Ltd Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 09:45 AM

Zargon Oil & Gas Ltd Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 09:45 AM. Venue: Sheraton Centre Hotel, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Craig Henry Hansen, Co-Founder, Chief Executive Officer, President, Interim Chief Financial Officer and Director.


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