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Zargon is a Calgary based Western Canadian oil and gas producer and over our 20 year history we have returned $365 million ($18.05 per share) through distributions and dividends to our shareholders on a total equity investment of $210 million. Oil exploitation is our focus, where we work to increase oil recovery factors and oil production from existing oil reservoirs by combining technical skills in reservoir engineering and the geosciences to understand the mechanics of producing reservoirs. We then employ different exploitation techniques: including waterfloods and tertiary floods to improve oil production and reserves. We have completed the construction of an exciting Alkaline Surfactant Polymer (“ASP”) recovery project at our Little Bow property in southern Alberta. This technology, which is finding increased application in Western Canada, utilizes the injection of chemicals in dilute concentrations to flush out incremental oil production and reserves. Following first ASP injections in March 2014, incremental production is expected to commence by year end. Commencing in 2016, the long-life Little Bow project will provide the foundation for our long term sustainable, dividend-paying energy producer objectives.
We leverage the expertise of a group of PCC companies to develop new alloys and processes which enhance production methods within the energy industry.
AirCon Technologies of Fort McMurray is a Fort Mcmurray, AB-based company in the Energy & Utilities sector.
Expedi is re-inventing rig servicing for the North American oilfields. Called the Amazon meets Uber for shale drillers, Expedi has created a fully on-line, rapid-delivery means of supplying critical parts to keep rigs up-and-running 24/7. Expedi provides over 200,000 critical parts and supplies, with complete transparency on price, supplier choice, and availability through their online website. Their innovative supply chain model has created a business that delivers the right part, at the right time, overcoming a fundamental challenge for the industry. Staffed by experts with rig management experience, backed by innovative technology, Expedi is able to deliver an incredible service at a lower cost than traditional suppliers. Tim Neal is a young veteran of the oil industry, having spent the last four years at Beijing, CN based drilling rig manufacturer TSC, where he was head of business development and strategy. Expedi was started 12 months ago backed by a handful of industry veterans in the oil market. Its mission is to modernize MRO services for the upstream oil and gas industry.
Passionate about creating sensorial brilliance, we work in partnership with customers and growers across the global flavour, fragrance and consumer goods markets from our bases in the US, the UK, and China.