Zargon Oil & Gas Ltd. reports that the revisions to the Enhanced Oil Recovery (EOR) royalty program announced last week by Alberta Energy will have a positive impact on the economics of Zargon's Alkaline Surfactant Polymer (ASP) enhanced oil recovery project at Little Bow in Southern Alberta.

Zargon is currently reviewing the details of Alberta's modified EOR Crown royalty program (see announcement for further details), which effectively bring the Alberta conventional oil EOR royalties more in line with existing Alberta oil sands (in-situ) and Saskatchewan conventional oil EOR royalty programs.

Tags: Zargon Oil & Gas Ltd.