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Zargon Oil & Gas Ltd
March 2012 Corporate Presentation
| Craig H. Hansen | Page 9 of 11 |
February 21, 2017
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[Valuations / PV]
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Stability History (from an oil perspective) 2011 2010 2009 2008 2007 2006 2005 2004 2P reserves (bbl/share) 0.82 0.79 0.77 0.84 0.79 0.82 0.81 0.77 Avg. production (bbl/d per million shares) 190 213 211 207 187 198 197 184 Avg. base cash dividend/distribution ($/share/month) 0.13 0.18 0.18 0.18 0.18 0.18 0.15 0.14 Reserve life index (2P) (years) 11.7 10.7 10.0 11.0 11.7 11.5 10.4 10.9 Stability (from an oil perspective) while making distributions: Over the last eight years, Zargon has been able to maintain oil reserves and oil production on a per share basis, while returning $15.48 per share of dividends/distributions to our shareholders.