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Zargon Oil and Gas Provides Production Update

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Zargon Oil and Gas Provides Production Update

Zargon Oil & Gas Ltd. has announced fourth quarter 2014 production volumes, provides a Little Bow Alkaline Surfactant Polymer (ASP) project update and reaffirms 2015 production guidance.

Fourth Quarter 2014 Production Volumes

Zargon's fourth quarter 2014 oil and liquid production volumes averaged 4,150 barrels per day and slightly exceeded guidance levels of 4,100 barrels per day.

Zargon's fourth quarter 2014 natural gas production volumes averaged 6.43 million cubic feet per day and essentially matched guidance levels of 6.50 million cubic feet per day.

The oil and liquid production volumes were positively impacted by the fourth quarter 2014 drilling program of three Williston Basin wells located at Steelman, Saskatchewan and Mackobee Coulee, North Dakota and two Alberta Plains South…

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