Zargon Energy Trust: 2009 Fourth Quarter And Full Year Results

Zargon Energy Trust (TSX:ZAR.UN) (TSX:ZOG.B) reported its operating and financial results for the fourth quarter and year ended December 31, 2009.

The press release is quoted as saying:

Fourth quarter 2009 revenue of $47.21 million and funds flow from operating activities of $24.75 million were 15 percent and eight percent, respectively, higher than the preceding 2009 third quarter levels. Production volumes in 2009 increased seven percent to 9,856 barrels of oil equivalent per day compared to 2008. Fourth quarter production of 30.60 million cubic feet per day of natural gas and 5,485 barrels per day of oil and liquids provided Zargon quarterly production volumes of 10,586 barrels of oil equivalent per day, five percent higher than third quarter volumes.

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