Zargon Oil & Gas Ltd.
TSX : ZAR

Zargon Oil & Gas Ltd.

May 10, 2011 17:12 ET

Zargon Oil & Gas Ltd. Announces Resignation of Officer

CALGARY, ALBERTA--(Marketwire - May 10, 2011) - Zargon Oil & Gas Ltd. ("Zargon") (TSX:ZAR) announces today that Al D. Thorsen, Vice President, Operations has submitted his resignation, effective June 6, 2011, in order to pursue other career opportunities.

The Board of Directors of Zargon Oil & Gas Ltd. wishes to thank Mr. Thorsen for his invaluable contribution to the corporation over the last almost four years and wishes him much success in his future endeavours. Mr. Thorsen will be with the organization until June 6, 2011 in order to assist with a smooth transitioning of his responsibilities.

ABOUT ZARGON

Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins with a long history of earnings and distributions/dividends. Zargon's smaller size and technical focus provides a unique opportunity to deliver profitable oil exploitation results from smaller oil projects that may be overlooked by larger competitors.

In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.

Contact Information

  • Zargon Oil & Gas Ltd.
    C.H. Hansen
    President and Chief Executive Officer
    403-264-9992

    J.B. Dranchuk
    Vice President, Finance and Chief Financial Officer
    403-264-9992
    zargon@zargon.ca
    www.zargon.ca