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Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin... see more

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Zargon Oil & Gas Ltd > Results and new presentation out

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Post by pablo87 on May 14, 2018 5:13pm

Results and new presentation out

Results are not unexpected except they seem to have minimal cash remaining? Not sure how you operate like that without a bank credit line.

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Comment by pablo87 on May 14, 2018 6:30pm

Observations: - North Dakota continues to deliver: prodn was 420 bbl/d in Q1. Drilling locations increased to 19+ (5 McDaniel, 14 unbooked from 16... - the attempt to sell the Edmonton West asset seems to have failed - no longer on website and not in presentation either. - they have advanced 10 locations (8 alberta, 2 ND) to "drill ready" - this is positive from an asset ...more

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