Zargon Oil & Gas Ltd. Announces 2011 First Quarter Results

Zargon Oil & Gas Ltd. (TSX:ZAR) reports 2011 first quarter results.

The press release is quoted as saying:

First quarter 2011 production averaged 9,546 barrels of oil equivalent per day, two percent higher than the preceding quarter and five percent lower than the corresponding 2010 quarter. Reflecting Zargon’s continuing focus on oil exploitation, oil and liquids production increased eight percent over the previous quarter to average 5,893 barrels per day, a six percent increase over the corresponding 2010 quarter.

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