Hedging

February 19, 2015

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

Current Forward Oil Sales

  • Q4 2014: 2,600 bbl/d at $90.92 US/bbl (WTI) and 400 bbl/d at $99.60 Cdn/bbl (WTI)
  • Q1 2015: 1,600 bbl/d at $93.44 US/bbl (WTI)
  • Q2 2015: 1,200 bbl/d at $94.01 US/bbl (WTI)

Current Forward Natural Gas Sales

  • Q4 2014: 3,000 gj/d at $4.03/gj (AECO)
  • Q1 2015: 3,000 gj/d at $4.18/gj (AECO)