Zargon Oil & Gas Ltd. announced earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported gross petroleum and natural gas sales of $10.31 million compared to $9.24 million a year ago. Funds flow from operating activities were $1.59 million or $0.05 per basic share compared to $0.92 million or $0.03 per basic share a year ago. Cash inflows from operating activities were $0.29 million compared to cash outflows from operating activities of $1.77 million a year ago. Net loss was $3.55 million or $0.12 per basic share compared to $17.81 million or $0.58 per basic share a year ago. Net capital expenditures were $2.45 million compared to $1.43 million a year ago. For the year, the company reported gross petroleum and natural gas sales of $38.68 million compared to $44.72 million a year ago. Funds flow from operating activities were $5.99 million or $0.20 per basic share compared to $3.58 million or $0.12 per basic share a year ago. Cash flows from operating activities were $2.48 million compared to $4.66 million a year ago. Net loss was $9.31 million or $0.30 per basic share compared to $20.18 million or $0.66 per basic share a year ago. Net capital expenditures were $8.86 million. As at December 31, 2017, the company had $38.41 million in net debt, net of working capital.