Zargon Oil & Gas Ltd. announced that Mr. Jeffrey Post has tendered his resignation as Chief Financial Officer of the company effective November 14, 2016 to pursue other opportunities. The company will initiate a search for a new Chief Financial Officer and, in the interim, Craig Hansen will assume the chief financial officer duties. Additionally, pursuant to the recent sale of its Williston Basin Southeast Saskatchewan assets, the company has completed a comprehensive corporate reorganization to align company's staff with its smaller operational base.

Pursuant to the reorganization, the following three officers have resigned, but will provide significantly reduced consulting services when required. Brian Kergan, Vice President, Corporate Development; Rob Moriyama, Vice President, Enhanced Recovery; and Pete Janjua, Vice President, Williston Basin.