Zargon Oil & Gas’s 2011 Q4 Results

Zargon Oil & Gas Ltd. (TSX:ZAR) reported its fourth quarter results for year 2011.

As quoted in the press release:

HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2011

• Fourth quarter 2011 oil production averaged 5,619 barrels of oil and liquids per day, a five percent gain over the preceding quarter. This increase in oil and liquids production was due to new production coming from an active fall drilling program. Fourth quarter natural gas production averaged 21.96 million cubic feet per day, essentially unchanged from the prior quarter. Total fourth quarter production was 9,278 barrels of oil equivalent per day, a three percent increase from the prior quarter.

Click here to read the Zargon Oil & Gas Ltd. (TSX:ZAR) press release.