Zargon reported year-end results with production, cashflow, capital expenditures, and net debt all largely as expected. Recall, the Company released its year-end reserve report in late January along with 2016e guidance as detailed in our Facts dated January 25, 2016. Management has reiterated 2016e guidance apart from a minor downdraft to anticipated natural gas volumes due to economic shut-ins from selected properties. With only minor tweaks to our forecast and an ongoing strategic alternative ....
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Reports Year-End Financial Results
- Published:
08 Mar 2016 -
Author:
Michael Hearn -
Pages:
6
Zargon reported year-end results with production, cashflow, capital expenditures, and net debt all largely as expected. Recall, the Company released its year-end reserve report in late January along with 2016e guidance as detailed in our Facts dated January 25, 2016. Management has reiterated 2016e guidance apart from a minor downdraft to anticipated natural gas volumes due to economic shut-ins from selected properties. With only minor tweaks to our forecast and an ongoing strategic alternative ....