Zargon Oil & Gas Ltd. . FINANCIAL AND OPERATING HIGHLIGHTS On January 11, 2019, Zargon announced the completion of a transaction to settle its $41.94 million principal amount of outstanding 8% Convertible Debentures due December 31, 2019 in exchange for common shares of Zargon. Immediately before the transaction, 30,932,912 common shares were [...]
Zargon Oil & Gas Ltd. has released its 2018 fourth quarter and full year financial results. Highlights from the fourth quarter and year ended Dec. 31, 2018 are provided below: 31, 2018 For calendar 2018, funds flow was a negative $0.54 million compared to funds flow from operating activities of $5.99 million recorded in the prior year. Oil and [...]
Zargon Oil & Gas Ltd. announces the appointment of Glenn Koach to the Board of Directors effective February 21, 2019. Mr. Koach is currently Co-Founder/Portfolio Manager of Concise Capital Management, LP. . Concise is an SEC-registered investment adviser with currently over $340 million US in assets under management that specializes in short [...]
Zargon Oil & Gas Ltd. announces fourth quarter 2018 production volumes and announces 2018 year end reserves. Zargon intends to release its 2018 audited financial results on March 14, 2019, after market close. 2018 FOURTH QUARTER PRODUCTION VOLUMES: Fourth quarter 2018 production averaged 1,786 barrels of oil equivalent per day, a 26 percent decline [...]
Zargon Oil & Gas Ltd. has re-engaged Macquarie Capital Markets Canada Ltd. as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a corporate merger, sale, recapitalization or reorganization. Zargon’s long-life, low-decline oil exploitation assets have [...]
Zargon Oil & Gas Ltd. announces that it has completed a transaction to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures due December 31, 2019 in exchange for common shares in the capital of Zargon . Pursuant to the Transaction, all of the Debentures were settled and all claims of the [...]
Zargon Oil & Gas Ltd. announces that 82.64% of holders of its 8.00% convertible unsecured subordinated debentures due December 31, 2019 voting at the extraordinary meeting of the Debentureholders held today have voted in favour of an extraordinary resolution pursuant to which all of the Debentures will be settled and all claims of the [...]
Zargon Oil & Gas Ltd. announces a proposed transaction to settle its $41.94 million principal amount of outstanding 8.00% convertible unsecured subordinated debentures due December 31, 2019 for equity . THE PROPOSAL The Company intends to make a proposal to the holders of the Debentures pursuant to which all of the Debentures will be settled and [...]
Zargon Oil & Gas Ltd. . FINANCIAL AND OPERATING HIGHLIGHTS Funds flow from operating activities of $1.93 million compared to $0.58 million recorded in the prior quarter, and $1.76 million reported in the third quarter of 2017. The increase from the prior quarter is primarily due to the expiration of our hedges on June 30, 2018, which had been [...]
TSX SYMBOLS: ZAR; ZAR.DB.A Zargon Oil & Gas Ltd. announces that it has entered into a financing agreement for $3.5 million term debt with private investment funds advised by JGB Capital Management, LP. The proceeds of the financing will be utilized for low risk oil exploitation capital projects and general corporate purposes. The loan is secured by [...]
Zargon Oil & Gas Ltd. . FINANCIAL AND OPERATING HIGHLIGHTS Funds flow from operating activities of $0.58 million compared to a negative $0.30 million recorded in the prior quarter, and the positive $1.14 million reported in the second quarter of 2017. The increase from the prior quarter is primarily due to increased WTI prices and improved WTI-WCS [...]
CALGARY, Alberta, May 30, 2018 -- Zargon Oil & Gas Ltd. announces that the following matters were voted upon at the annual meeting of the shareholders of Zargon held on May 30, 2018 in Calgary, Alberta. 1. Election of Directors By resolution passed via ballot, the following six nominees were appointed as directors of Zargon to serve until the next [...]
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