Last C$3.66 CAD
Change Today +0.06 / 1.67%
Volume 158.8K
ZAR On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:51 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

zargon oil & gas ltd (ZAR) Snapshot

Open
C$3.65
Previous Close
C$3.60
Day High
C$3.78
Day Low
C$3.60
52 Week High
05/7/14 - C$9.90
52 Week Low
12/15/14 - C$3.01
Market Cap
110.4M
Average Volume 10 Days
278.2K
EPS TTM
C$0.01
Shares Outstanding
30.2M
EX-Date
12/29/14
P/E TM
261.4x
Dividend
C$0.72
Dividend Yield
19.67%
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 Monthly Cash Dividend for December 2014, Payable on January 15, 2014

Zargon Oil & Gas Ltd. confirmed the monthly cash dividend for December 2014 in the amount of CAD 0.06 per common share will be paid on January 15, 2014 to shareholders of record on December 31, 2014.

Zargon Oil & Gas Ltd. Confirms Monthly Cash Dividend for November 2014, Payable on December 15, 2014

Zargon Oil & Gas Ltd. confirmed the monthly cash dividend for November 2014 in the amount of CAD 0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014.

Zargon Oil & Gas Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Year 2015

Zargon Oil & Gas Ltd. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported gross petroleum and natural gas sales of $37.41 million compared to gross petroleum and natural gas sales of $45.14 million for the same period a year ago. Funds flow from operating activities was $10.87 million compared to $16.45 million a year ago. Cash flows from operating activities were $12.36 million compared to $16.30 million a year ago. Net earnings were $0.10 million compared to loss of $2.35 million or $0.08 per share a year ago. Net capital expenditures were $6.09 million compared to $17.54 million a year ago. For the nine months, the company reported gross petroleum and natural gas sales of $118.54 million compared to gross petroleum and natural gas sales of $122.81 million for the same period a year ago. Funds flow from operating activities was $38.04 million compared to $46.34 million a year ago. Cash flows from operating activities were $37.25 million compared to $43.44 million a year ago. Net loss was $1.78 million or $0.06 per share compared to $0.99 million or $0.03 per basic share a year ago. Net capital expenditures were $34.94 million compared to $36.15 million a year ago. For the quarter, the company’s production of oil and liquids was 4,194 bbl/d against 4,816 bbl/d a year ago. Reflecting completed property dispositions, third quarter 2014 natural gas production of 11.2 million cubic feet per day was 24% lower than the preceding quarter. Total production averaged 6,054 barrels of oil equivalent per day, an 8% decrease from the preceding quarter. For the quarter oil and liquids production increased to 69% of total production based on a 6:1 equivalent basis, a ratio that in 2015 is forecast to increase to 80% of total production. For the nine months, the company’s production of oil and liquids was 4,203 bbl/d against 4,952 bbl/d a year ago. Oil and liquids production for the 2014 fourth quarter had been set at 4,200 barrels of oil per day and has now been revised to 4,100 barrels of oil per day due to regulatory and third party facility shut-ins and minor delays in commencing the fall drilling program. Year end exit production rates in excess of 4,200 barrels of oil per day are still anticipated. Fourth quarter natural gas production guidance remains set at 6.8 million cubic feet per day. Looking forward, the company expects that first quarter 2015 production volumes will see an increase in production from the ASP project. The company is forecasting a 2015 oil and liquids production rate of 4,700 barrels of oil per day which is comprised of 4,000 barrels of oil per day of conventional production and 700 barrels of oil per day of ASP production. Natural gas volumes are forecast to average 6.4 million cubic feet per day in 2015, provided that further natural gas property dispositions are not concluded.

 

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