09:49 AM EST - Zargon Oil & Gas Ltd. : Announced 2018 year-end reserves. Zargon’s production averaged 2,069 barrels of oil equivalent per day, and was comprised of 1,751 barrels of oil and liquids per day and 1.91 million cubic feet per day of natural gas. The company is forecasting first-half 2019 production to average approximately 1,800 barrels of oil equivalent per day, which is comprised of 1,585 barrels of oil and liquids per day and 1.30 million cubic feet of natural gas per day. This forecast is based on $2.0 million of first-half 2019 capital expenditures. Zargon Oil & Gas Ltd.
shares T.ZAR are trading unchanged at $0.04.
