December 12, 2016 / 1:09 PM / 7 months ago

BRIEF-Zargon Oil & Gas says board has approved 2017 capital budget of $7.8 mln

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Dec 12 (Reuters) - Zargon Oil & Gas Ltd:

* Board of directors has approved a 2017 capital budget of $7.8 million

* Zargon Oil & Gas - 2017 capital budget projected to maintain production at stable Q4 2016 guidance levels of 2,500 barrels of oil equivalent per day

* Zargon Oil & Gas -2017 capital budget plan expected to be fully funded out of 2017 corporate funds flow at oil prices of $52 U.S. per barrel or better Source text for Eikon: Further company coverage:

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