Zargon Energy Trust operates as an open-end investment trust. The company, through its direct and indirect subsidiaries and partnerships, engages in acquiring, developing, exploring, exploiting, and holding interests in petroleum and natural gas properties and related assets. The company’s reserves are in Canada in the provinces of Alberta, Saskatchewan, and Manitoba; and in the United States in North Dakota. OIL AND GAS PROPERTIES West Central Alberta The company’s West Central Alberta core area is located north west of Edmonton in central Alberta and comprises three natural gas producing regions that provide the company with a varied inventory of natural gas exploration and development opportunities. The company’s 32,000 net acres of undeveloped land in the Greater Highvale property is centered on the Paul First Nation land block located west of Edmonton. Alberta Plains The company's Jarrow property is a significant producing natural gas property where it produced 14.63 million cubic feet of natural gas per day and 68 barrels of oil and liquids per day in 2008 primarily from the Mannville and Viking formations. The Hamilton Lake property produced 2.97 million cubic feet of natural gas per day and 75 barrels of oil and liquids per day in 2008 from the Mannville and Viking formations. The property's major asset is a 48 thousand net acre developed and undeveloped unit. The Bellshill Lake oil property is located immediately south of Jarrow and was acquired as part of the acquisition of Rival Energy Ltd. This property provides significant oil development drilling, exploitation drilling, and production optimization opportunities from existing wells. In 2008, the Bellshill property produced approximately 543 barrels of per day of 27 degree API oil and 0.20 million cubic feet of natural gas per day. The Taber oil property is an oil-in-place property that brings significant future exploitation potential in terms of horizontal development wells and waterflood modifications and implementations. In 2008, this property produced 553 barrels of oil and liquids per day and 0.50 million cubic feet of natural gas per day. Williston Basin The Williston Basin properties are located in relatively close proximity in south east Saskatchewan, south west Manitoba and in the northern counties of the State of North Dakota. The properties produce light and medium gravity oil from carbonate reservoirs at depths up to 1,500 meters. History Zargon Energy Trust was founded in 1987.
zargon oil & gas ltd (ZAR:Toronto)
333-5th Avenue SW
Calgary, AB T2P 3B6
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