Zargon Oil & Gas Sells Southeast Saskatchewan Assets
Zargon Oil & Gas Ltd. announced the closing of the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million. The effective date of the transaction is July 1, 2016. The proceeds of this transaction have initially been used to eliminate Zargon's bank debt. Bank debt and net working capital - $64.8 million as of June 30, 2016. Net sale proceeds after adjustments (transaction and severance costs) - $86.8 million. Net post-closing cash balances - $22.0 million. Zargon has also entered into a definitive agreement for the sale of all of its Killam…
Zargon Oil & Gas Confirms Cash Dividend
Zargon Oil & Gas Ltd.confirms that the monthly cash dividend for the month of April in the amount of Cdn. $0.03 per common share will be paid on May 15, 2015 to shareholders of record on April 30, 2015. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.274 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working…
Zargon O&G to Present at CAPP Scotiabank Symposium
Zargon Oil & Gas Ltd. will be presenting at the CAPP Scotiabank Investment Symposium in Toronto, Canada on April 9, 2015. Zargon's updated presentation is posted on its website at www.zargon.ca. This presentation includes updated production data for Zargon's Little Bow Alkaline Surfactant Polymer ("ASP") tertiary recovery project. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.274 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural…
Zargon Oil & Gas Confirms Cash Dividend
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of February in the amount of Cdn. $0.03 per common share will be paid on March 16, 2015 to shareholders of record on February 28, 2015. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.254 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company…
Zargon Oil & Gas Confirms Cash Dividend
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.175 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company…
Zargon Oil & Gas Provides Capital Budget Update
Zargon Oil & Gas Ltd. announces its 2015 capital budget and provides a Little Bow Alkaline Surfactant Polymer tertiary flood project update. Zargon's 2015 budget has been set at $46 million and includes $13 million of Little Bow ASP chemical costs, $2 million of phase 1 optimization costs, $6 million of Little Bow ASP phase 2 development costs, plus $25 million of conventional (non-ASP) field capital expenditures directed to existing oil exploitation projects. Depending on the corporate cash flows realized throughout the 2015 calendar year…
Zargon Oil & Gas Confirms Cash Dividend
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of September in the amount of Cdn. $0.06 per common share will be paid on October 15, 2014 to shareholders of record on September 30, 2014. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.175 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company…
Zargon Oil & Gas Confirms August 2014 Cash Dividend
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of August in the amount of Cdn. $0.06 per common share will be paid on September 15, 2014 to shareholders of record on August 31, 2014. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.134 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company…
