Last C$6.13 CAD
Change Today +0.17 / 2.85%
Volume 90.3K
ZAR On Other Exchanges
Symbol
Exchange
OTC US
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As of 3:59 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

zargon oil & gas ltd (ZAR) Snapshot

Open
C$6.05
Previous Close
C$5.96
Day High
C$6.21
Day Low
C$5.90
52 Week High
05/7/14 - C$9.90
52 Week Low
10/31/14 - C$5.90
Market Cap
185.0M
Average Volume 10 Days
98.1K
EPS TTM
C$0.13
Shares Outstanding
30.2M
EX-Date
10/29/14
P/E TM
45.7x
Dividend
C$0.72
Dividend Yield
11.73%
Current Stock Chart for ZARGON OIL & GAS LTD (ZAR)

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zargon oil & gas ltd (ZAR) Details

Zargon Oil & Gas Ltd. explores for, develops, and produces oil and natural gas in Canada and the United States. The company holds interest in the Williston Basin area; Alberta Plains South area; and Alberta Plains North area. As of December 31, 2013, it had proved and probable reserves of 27.69 million barrels of oil equivalent. The company was formerly known as Zargon Energy Trust and changed its name to Zargon Oil & Gas Ltd. in december 2010. Zargon Oil & Gas Ltd. was founded in 1987 and is headquartered in Calgary, Canada.

42 Employees
Last Reported Date: 03/11/14
Founded in 1987

zargon oil & gas ltd (ZAR) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$331.3K
Vice President of Operations
Total Annual Compensation: C$237.4K
Vice President of Corporate Development
Total Annual Compensation: C$253.5K
Vice President of Enhanced Recovery
Total Annual Compensation: C$225.2K
Compensation as of Fiscal Year 2013.

zargon oil & gas ltd (ZAR) Key Developments

Zargon Oil & Gas Ltd. Confirms October 2014 Cash Dividend, Payable on November 17, 2014 and Provides Fourth Quarter 2014 Cash Dividends Guidance

Zargon Oil & Gas Ltd. confirmed that the monthly cash dividend for the month of October in the amount of CAD 0.06 per common share will be paid on November 17, 2014 to shareholders of record on October 31, 2014. The company's 2014 fourth quarter cash dividend to shareholders of CAD 0.06 per common share per month based on 2014 guidance is CAD 0.06 per share for record date of October 31, 2014 and payment date is November 17, 2014, CAD 0.06 per share for record date of November 30, 2014 and payment date is December 15, 2014 and CAD 0.06 per share for record date of December 31, 2014 and payment date is January 15, 2015.

Zargon Oil & Gas Ltd. Provides Production Guidance for the Third Quarter Fourth Quarter of 2014 and Full Year of 2015

Zargon Oil & Gas Ltd. provided production guidance for the third and fourth quarter of 2014 and full year of 2015. The company provided third and fourth quarter 2014 oil and liquids production rate guidance of 4,200 barrels per day. These production guidance levels are reaffirmed. The fourth quarter 2014 oil volumes are expected to reflect a minor contribution from the Little Bow ASP production volumes. The company continue to forecast a 2014 year end ASP exit production rate of 150 barrels per day. Third and fourth quarter natural gas production guidance was set at 10.2 million cubic feet per day and 6.4 million cubic feet per day, respectively. These third and fourth quarter volumes have now been adjusted to 10.8 million cubic feet per day and 6.8 million cubic feet per day, respectively. Company's 2015 oil and liquids production guidance is set at 4,700 barrels of oil and liquids per day. These volumes are comprised of a stable 4,000 barrels per day from conventional (non-ASP) properties and 700 barrels per day of incremental tertiary recovery production from the Little Bow ASP property. The Little Bow incremental ASP production volumes are expected to grow significantly throughout the year and are forecast to average 250,500,850 and 1,200 barrels per day for the sequential 2015 quarters. Natural gas volumes are forecast to average 6.4 million cubic feet per day in 2015. Company's 2015 capital budgets 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. Zargon's 2014 total capital budget has been increased from $52 million to $57 million (before net dispositions of $12 million). This budget includes $11 million of Little Bow ASP chemical costs, $8 million of ASP phase 1 construction and sanctioning costs, $2 million of ASP phase 1 optimization costs, plus $36 million of conventional (non-ASP) field capital expenditures directed to existing oil exploitation projects. Following $34 million of capital expenditures in the first half of the year, the remaining second half expenditures of $23 million are anticipated to be roughly equally divided between the third and fourth quarters. The increase in the 2014 capital program reflects additional costs for phase 1 ASP optimizations and the acceleration of some conventional projects into the lower cost pre-winter period. For the upcoming winter months, non-ASP field activities will be kept to a minimum.

Zargon Oil & Gas Ltd. Confirms September 2014 Cash Dividend Payable on October 15, 2014

Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of September in the amount of CAD 0.06 per common share will be paid on October 15, 2014 to shareholders of record on September 30, 2014.

 

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