Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
Copper Tip Energy Services
Hazloc Heaters
WEC - Western Engineered Containment
Copper Tip Energy
Hazloc Heaters
WEC - Western Engineered Containment

TSX SYMBOL: ZAR ZARGON OIL & GAS LTD. ANNOUNCES TERMINATION OF FINANCING AGREEMENT AND SALE OF US SUBSIDIARIES


Untitled.jpg

Source: Zargon Oil & Gas Ltd.

CALGARY, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) announces that it has entered into an agreement to settle its US$3.05 million term debt through the sale of its US subsidiaries for nominal proceeds and the release of the Company from its obligations under the loan agreement.

Further Information

Zargon is a Calgary-based oil and natural gas company working in the Western Canadian and Williston sedimentary basins and is focused on oil exploitation projects (water floods and tertiary ASP) that profitably increase oil production and recovery factors from existing oil reservoirs.

In order to learn more about Zargon, we encourage you to visit Zargon’s website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

For further information please contact:

C.H. Hansen
President and Chief Executive Officer

Zargon Oil & Gas Ltd.
Telephone: 403-264-9992
E-mail: zargon@zargon.ca
Website: www.zargon.ca



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Insight Analytical
CDN Controls
Challenger Geomatics
Caliper Inspection
DyCat Solutions
Gemini Fabrication
Canline Pipeline Solutions
Environmental Mats