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Alberta Plains North Zargon is pursuing high-graded oil exploitation opportunities in Alberta Plains North. The Killam and Bellshill Lake oil properties provide a large inventory of long-life oil exploitation projects. This core area also holds most of the company’s legacy natural gas assets which are being harvested as efficiently as possible. Alberta Plains South Zargon’s Alberta Plains South activities are focused on secondary oil recovery projects (waterfloods) and tertiary opportunities (chemical-based floods). Zargon’s tertiary Alkaline Surfactant Polymer (“ASP”) project at Little Bow provides for substantial oil production growth for many years. Williston Basin Zargon’s largest oil producing core area, the oil-rich Williston Basin is where the majority of its oil exploitation drilling has taken place. The company drills horizontal wells into existing Mississippian reservoirs which in many cases are supported by long-life operating waterfloods. Reserves Based on an independent reserves evaluation conducted by the engineering firm of McDaniel & Associates Consultants Ltd. effective December 31, 2015, Zargon had proved and probable reserves of 20.90 million barrels of oil equivalent. Reserve additions from exploration and development activities (including revisions) and corporate and net property acquisitions were 0.28 million barrels of oil equivalent.]]>