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Zargon's Reserves Decrease as Company Refocuses Efforts
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Zargon Oil & Gas Ltd. has announced 2014 year end reserves and provides a Little Bow Alkaline Surfactant Polymer tertiary oil recovery project update.
Zargon intends to release its 2014 audited financial results on March 10, 2015, after market close.
2014 Year End Reserves: Reflecting a transition year of property sales and refocus, Zargon's 2014 year end proved and probable total reserves decreased 20 percent to 22.29 million barrels of oil equivalent. These reserves were appraised by Zargon's independent reserves evaluator McDaniel & Associates Consultants Ltd. and are effective as of December 31, 2014. On a 6:1 equivalency basis, oil and liquids comprised 88 percent of Zargon's total proved and probable reserves at year end 2014, up from a 76 percent weighting at the end of 2013. Zarg…- ✓ Full news archive — U.S., Canada & international coverage
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