Exploration & Production | Forecast - Production | Capital Markets | Capital Expenditure
Zargon Ups 2014 Spending; Tags 2015 CapEx at $46MM
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Zargon Oil & Gas Ltd. has reported its 2015 capital budget and production guidance.
Capital Budgets 2015 PlansZargon’s 2015 budget has been set at $46 million and includes $13 million of Little Bow ASP chemical costs, $2 million of phase 1 optimization costs, $6 million of Little Bow ASP phase 2 development costs, plus $25 million of conventional (non-ASP) field capital expenditures directed to existing oil exploitation projects. Depending on the corporate cash flows realized throughout the 2015 calendar year, the conventional capital program may be increased or decreased in order to maintain stable debt levels after the payment of dividends.
2014 SpendingZargon’s 2014 total capital budget has been increased from $52 million to $57 million (before net dispositions of $12 million). This…
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