Zargon Oil & Gas Ltd.

CALGARY, ALBERTA--(Marketwired - Jan 6, 2017) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) announced today that it will seek the approval of holders (the "Debentureholders") of its 6.00% convertible unsecured subordinated debentures due June 30, 2017 (the "Debentures") to amend certain terms of the Debentures at a [...]

CALGARY, ALBERTA--(Marketwired - Dec 12, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR) (TSX:ZAR.DB) announces its 2017 capital budget. With Zargon's recently announced 2017 oil hedges (November 30), Zargon's Board of Directors has approved a 2017 capital budget of $7.8 million. This budget is projected to maintain production [...]

CALGARY, ALBERTA--(Marketwired - Nov 30, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB) ("Zargon") announces that it has entered into hedges to fix the WTI price of oil on 650 barrels per day of oil production at an average of $66.98 in Canadian dollars for 2017. Zargon also announces the appointment of Bill Cromb as Interim Chief Financial [...]

CALGARY, ALBERTA--(Marketwired - Nov 14, 2016) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) FINANCIAL & OPERATING HIGHLIGHTS (THREE MONTHS ENDED SEPTEMBER 30, 2016) Pursuant to Zargon's strategic alternatives process, Zargon closed the sale of all its Southeast Saskatchewan and its Killam, Alberta properties in the [...]

CALGARY, ALBERTA--(Marketwired - Oct 17, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB) ("Zargon") announces that Mr. Jeffrey Post has tendered his resignation as Chief Financial Officer of Zargon effective November 14, 2016 to pursue other opportunities. "We sincerely appreciate Jeff's professionalism, commitment and contributions to our [...]

CALGARY, ALBERTA--(Marketwired - Sep 1, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) announces 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 [...]

CALGARY, ALBERTA--(Marketwired - Aug 10, 2016) - Zargon Oil & Gas Ltd. ("Zargon" or the "Company") (TSX:ZAR)(TSX:ZAR.DB) FINANCIAL AND OPERATING HIGHLIGHTS (THREE MONTHS ENDED JUNE 30, 2016) Funds flow from operating activities of $3.5 million were higher than the $0.3 million loss recorded in the prior quarter due to a combination of higher oil [...]

CALGARY, ALBERTA--(Marketwired - Jul 25, 2016) - Zargon Oil & Gas Ltd. (the "Company" or "Zargon") (TSX:ZAR)(TSX:ZAR.DB) has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million, subject to normal closing adjustments. The effective date of the transaction is July 1 [...]

CALGARY, ALBERTA--(Marketwired - Jun 21, 2016) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has renewed and extended its committed syndicated credit facilities with a borrowing base of $70 million, down from $88 million. The credit facilities are now fully revolving until September 22, 2016, with the provision for a nine month extension [...]

CALGARY, ALBERTA--(Marketwired - May 30, 2016) - (TSX:ZAR)(TSX:ZAR.DB) Zargon Oil & Gas Ltd. ("Zargon") announces that the following matters were voted upon at the annual meeting of the shareholders of Zargon held on May 30, 2016 in Calgary, Alberta. 1. Election of Directors By resolution passed via ballot, the following seven nominees were [...]