Webcast - Peters & Co. Limited 2013 Energy Conference
Date & Time: Wednesday, September 11, 2013 - 4:15 PM ET
Zargon Oil & Gas Ltd.
President and Chief Executive Officer
Zargon is a Calgary based Western Canadian oil and gas producer and over our 20 year history we have returned $330 million ($16.88 per share) through distributions and dividends to our shareholders on a total equity investment of $210 million.
Oil exploitation is our focus, where we work to increase oil recovery factors and oil production from existing oil reservoirs by combining technical skills in reservoir engineering and the geosciences to understand the mechanics of producing reservoirs. We then employ different exploitation techniques: including waterfloods and tertiary floods to improve oil production and reserves.
We are currently constructing an exciting Alkaline Surfactant Polymer (“ASP”) recovery project at our Little Bow property in southern Alberta. This technology, which is finding increased application in Western Canada, utilizes the injection of chemicals in dilute concentrations to flush out incremental oil production and reserves. First injections for the project are forecast for January 2014, with incremental production following six months later. By mid-decade the long-life Little Bow project will provide the foundation for our long term sustainable, dividend-paying energy producer objectives.