Zargon News

Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of December in the amount of Cdn. $0.06 per common share will be paid on January 15, 2015 to shareholders of record on December 31, 2014. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.175 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins that has delivered a long history of returns and dividends (distributions).

Zargon Oil & Gas Ltd. announces that it has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million. Zargon has entered into an agreement to sell its petroleum and natural gas assets in Hamilton Lake for a total consideration of $25 million that is comprised of $22.5 million in cash (before adjustments) and $2.5 million in marketable securities. This transaction is scheduled to close prior to December 31, 2014 and is subject to customary industry closing conditions. The cash proceeds of the disposition will initially be used to reduce bank indebtedness. The Hamilton Lake property has been…

Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15, 2014 to shareholders of record on November 30, 2014. Unless otherwise indicated, all dividends paid by Zargon are "eligible dividends" for Canadian tax purposes. Based in Calgary, Alberta, Zargon's securities trade on the Toronto Stock Exchange and there are currently 30.175 million common shares outstanding. Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins that has delivered a long history of returns and dividends (distributions).

Zargon Oil & Gas Ltd. announces that Mr. Jason Dranchuk has tendered his resignation as Vice President, Finance and Chief Financial Officer of Zargon effective July 14, 2014 to pursue other opportunities. "We sincerely appreciate Jason's professionalism, commitment and contributions to our company during the last 12 years and we wish him the very best in his future endeavors," said Craig Hansen, President and Chief Executive Officer of Zargon. Zargon will initiate a search for a new Chief Financial Officer and in the interim; Craig Hansen will assume the chief financial officer duties.