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 working in the Western Canadian and Williston sedimentary basins that has delivered a long history of returns and dividends (distributions). Zargon's business is focused on oil exploitation projects that profitably increase oil production and recovery factors from existing oil reservoirs.