Hedging

August 13, 2015

Zargon uses hedges to help fund dividends and capital programs during periods of lower commodity prices.

Current Forward Oil Sales

  • July 2015:                              1,000 bbl/d at $80.02 Cdn./bbl (WTI)
  • August – December 2015:        1,500 bbl/d at $79,78 Cdn./bbl (WTI)
  • H1 2016:                                500 bbl/d at $79.30 Cdn./bbl (WTI)