Zargon Oil & Gas Ltd.

Zargon Oil & Gas Ltd. announces that its board of directors has authorized the Company to file a Notice of Intention to Make a Proposal to its creditors under the provisions of Part III, Division I of the Bankruptcy and Insolvency Act. Pursuant to the Notice of Intention, MNP Ltd. has been appointed as the trustee in the Company's proposal [...]

Zargon Oil & Gas Ltd. has released its 2020 second quarter financial results. Highlights from the second quarter ended Jun. 30, 2020 are provided below: FINANCIAL AND OPERATING HIGHLIGHTS The Company may be required to seek formal creditor protection in the very near term. There is material uncertainty surrounding the Company’s ability to continue [...]

Zargon Oil & Gas Ltd. has released its 2020 first quarter financial results. Highlights from the first quarter ended Mar. 31, 2020 are provided below: FINANCIAL AND OPERATING HIGHLIGHTS Funds flow from operating activities was a negative $1.24 million compared to $1.35 million recorded in the prior quarter. The decrease from the prior quarter is [...]

Zargon Oil & Gas Ltd. announces that it plans to delay release of first quarter 2020 results, consisting of the Management’s Discussion and Analysis and Interim Financial Statements until approximately June 2, 2020 under the Alberta Securities Commission blanket relief of reporting requirements for 45 days from the otherwise required deadline of [...]

Zargon Oil & Gas Ltd. announces that Glenn Koach has resigned from its Board of Directors, effective immediately. For further information please contact: C.H. Hansen President and Chief Executive Officer Zargon Oil & Gas Ltd. Telephone: 403-264-9992 E-mail: zargon@zargon.ca Website: www.zargon.ca...

Zargon Oil & Gas Ltd. announces that it has entered into an agreement to settle its US$3.05 million term debt through the sale of its US subsidiaries for nominal proceeds and the release of the Company from its obligations under the loan agreement. Further Information Zargon is a Calgary-based oil and natural gas company working in the Western [...]

Zargon Oil & Gas Ltd. has released its 2019 fourth quarter and full year financial results. Highlights from the fourth quarter and year ended Dec. 31, 2019 are provided below: 31, 2019 For calendar 2019, funds flow was $6.15 million compared to funds flow from operating activities of a negative $0.54 million recorded in the prior year. Oil and [...]

Zargon Oil & Gas Ltd. announces fourth quarter 2019 production volumes, 2019 abandonment activities and 2019 year end reserves. Zargon intends to release its 2019 audited financial results on March 12, 2020, after market close. 2019 FOURTH QUARTER PRODUCTION VOLUMES: Fourth quarter 2019 production averaged 1,746 barrels of oil equivalent per day, a [...]

Zargon Oil & Gas Ltd. . FINANCIAL AND OPERATING HIGHLIGHTS Funds flow from operating activities of $1.41 million compared to $2.17 million recorded in the prior quarter. The decrease from the prior quarter was primarily due to lower production volumes and commodity prices that were partially offset by lower general and administrative expenses [...]

Zargon Oil & Gas Ltd. . FINANCIAL AND OPERATING HIGHLIGHTS Funds flow from operating activities of $2.17 million compared to $1.23 million recorded in the prior quarter, and $0.58 million reported in the second quarter of 2018. The increase from the prior quarter was primarily due to higher commodity prices, reduced operating expenses and lower [...]