Zargon Oil & Gas Ltd.

Transaction Type
Sellers
Marketers
Basin
Western Canadian Sedimentary
Field
Forty Mile, Milo, Cessford, Joffre, Brazeau, Medicine Lodge, Bigoray, Edson, Majeau, Windfall, Chime, Karr, Hamelin Creek, Blueberry and Clear Hills, The Glen Ewen/Elcott, Alida West, Trutch
Post Date
Close Date
Estimated Price
MM
Description

Zargon Oil & Gas Ltd. has retained Sayer Energy Advisors to sell assets in Western Canada.

The package includes 18 high-working interest properties in four geographical areas in the Forty Mile, Milo, Cessford, Joffre, Brazeau, Medicine Lodge, Bigoray, Edson, Majeau, Windfall, Chime, Karr, Hamelin Creek, Blueberry and Clear Hills areas in Alberta; The Glen Ewen/Elcott and Alida West areas in Saskatchewan and the Trutch area in British Columbia.

Production is 922,000 cubic feet of gas and 39 barrels of oil and gas liquids for a total 193 barrels of oil equivalent per day. Proved reserves as of July 1 were 453,000 barrels equivalent and proved and probable reserves were 880,000 barrels equivalent.

The data room opens Oct. 25. The bid due date is Nov. 18. The effective date is Nov. 1. Contact Alan W. Tambosso, 403-266-6133, atambosso@sayeradvisors.com.