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Zargon Oil and Gas Ltd
Sun Life Plaza 3, 1100-112 4 Ave SW
Phone: (403) 264-9992p:403 264-9992 Calgary, AB  T2P 0H3  Canada Fax: (403) 264-9992f:403 264-9992

Filed a Notice of Intention to Make a Proposal on 9/8/2020
On 9/8/2020, Zargon Oil & Gas Ltd. announced that its Board of Directors authorized the Company to file a Notice of Intention to Make a Proposal to its creditors under the provisions of Part III, Division I of the Bankruptcy and Insolvency Act (Canada) (the "BIA"). Pursuant to the Notice of Intention, MNP Ltd. was appointed as the Trustee in the Company's proposal proceedings and will assist the Company in its restructuring efforts. During the period of protection granted by the Notice of Intention, the Company will be continuing normal operations.
This company is no longer actively traded on any major stock exchange.

Business Summary
Zargon Oil & Gas Ltd. is a Canada-based company, which is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada and the United States. The Company's reserves are in Canada in the provinces of Alberta and Saskatchewan, and in the United States in North Dakota. Its Alberta Plains core area holds approximately 60% of its proved and probable oil and liquids reserves and provided over 50% of its oil and liquids production, primarily from the Taber South, Little Bow, Bellshill Lake and Killam Glauconite properties. The Company's Williston Basin core area encompasses a portion of southeast Saskatchewan and approximately three counties of North Dakota. The Williston Basin area holds over 40% of its proved and probable oil and liquids reserves and accounted for over 45% of its oil and liquids production. It has identified over 50 undeveloped Mississippian locations in the Williston Basin.
(Source: ARS)

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
6/30/202012/31/2019Yes----

Industries
SIC Code Description
1311 Crude petroleum and natural gas

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board Kyle D.Kitagawa 58 5/30/2017 1/1/2001
President, Chief Executive Officer, Director Craig H.Hansen 59 11/30/2016 1/1/1992
Interim Chief Financial Officer BillCromb 11/30/2016 11/30/2016
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Rival Energy Ltd. 1700, 333-5th Avenue S.W. Calagary AB Canada
Masters Energy Inc. 1150, 736-6 Avenue Calgary AB Canada
Zargon Oil & Gas Partnership Sun Life Plaza East Tower Calgary AB Canada
Zargon Oil (ND) Inc. Sun Life Plaza – East Tower Calgary AB Canada

Business Names
Business Name
Masters Energy Inc.
Oakmont Energy Ltd.
Rival Energy Ltd.
ZAR
Zargon Energy Trust
Zargon Oil & Gas Ltd.

General Information
Number of Employees: 15 (As of 12/31/2019)
Outstanding Shares: 22,994,000 (As of 6/30/2020)
Shareholders: 120
Stock Exchange: TSE
Fax Number: (403) 264-9992


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Sunday, December 31, 2023