Fourth quarter production volumes were slightly behind expectations on the back of uneconomic natural gas production that was shut-in, while 2015 spending was in line with expectations. 2016e guidance was also behind expectations with the Company electing to suspend Alkaline and Surfactant injections at its Little Bow ASP project given current commodity prices coupled with the Company’s leverage position. Zargon reported year-end reserves which were down ~6% on a 2P basis and down ~36% from an N ....
