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BRIEF-Zargon Oil and Gas Qtrly funds flow from operating activities - basic, per share $0.11

Published 2015-11-11, 05:21 p/m
© Reuters.  BRIEF-Zargon Oil and Gas Qtrly funds flow from operating activities - basic, per share $0.11
ZAR
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Nov 11 (Reuters) - Zargon Oil & Gas Ltd ZAR.TO :
* Provides 2015 third quarter results
* Qtrly production averaged 3,633 barrels of oil and liquids per day, a two
percent decrease from the preceding quarter
* Says 2015 total capital budget continues to be set at $25 million
* Qtrly funds flow from operating activities - basic, per share $ 0.11
* Says for 2016, forecasting a $16 million capital budget
* Says for the 2015 fourth quarter, oil and liquid volumes are forecast to
average 3,650 barrels of oil per day
* Special board committee is planning to commence a formal company/asset
marketing process in early 2016

* Source text for Eikon ID:nMKWhp7Gta

* Further company coverage ZAR.TO

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