Operational Updates
Zargon Details Viking Oil, Williston Projects in Q3
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Zargon Oil & Gas Ltd. has reported its third quarter financial and operating results.
Financial & Operating Highlights (Three Months Ended Sept. 30, 2012)
• Third quarter 2012 production averaged 7,634 barrels of oil equivalent as compared to 8,290 barrels of oil equivalent for the preceding quarter. Oil and liquids production averaged 5,079 barrels per day, a six percent decline, or 305 barrels of oil per day from the preceding quarter of 5,384 barrels of oil per day, due in part to a six month break in our drilling program and the full impact of the property sales totalling 275 barrels of oil per day which occurred in the second quarter. Third quarter 2012 natural gas production averaged 15.33 million cubic feet per day, a 12 percent decline from the preceding quarter. The reduction in…
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