Zenith Energy Ltd.

Equities

ZEN

CA98936C8584

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:27 2024-04-26 am EDT			5-day change	1st Jan Change
2.15 ^GBX	-2.27%		-2.27%	-24.56%

Apr. 22	First Tin updates Tellerhauser estimates	AN
Apr. 22	Zenith Energy Launches New Bond Exchange Offer	MT

Zenith increases stake in Italian gas concession to 50%

March 12, 2024 at 04:00 pm EDT

Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Acquires an additional 10% interest in the Sant'Andrea onshore concession from Petrorep Italiana SRL. The concession covers around 164 square kilometres and is located in north-eastern Italy. After completion, Zenith's interest in Sant'Andrea will increase to 50%. The company intends to reactivate production at Sant'Andrea's S. Antonio-1 well, and expects initial production to reach 1,500 cubic metres of natural gas per day. Under the terms of the deal, Petrorep has paid Zenith's Italian subsidiary EUR248,000 to cover its share of future abandonment and plugging costs.

Zenith expects production from Sant'Andrea to commence in October.

Current stock price: 2.50 pence per share, closed down 7.4% in London on Tuesday

12-month change: down 47%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+1.69%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.26%	-
S&P GSCI NATURAL GAS INDEX	90.04 PTS	-3.17%	-3.17%	-
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
ZENITH ENERGY LTD.	2.15 GBX	-2.27%	-2.27%	5.39M

Latest news about Zenith Energy Ltd.

First Tin updates Tellerhauser estimates	Apr. 22	AN
Zenith Energy Launches New Bond Exchange Offer	Apr. 22	MT
Zenith Energy Ltd. Announces New Bond Exchange Offer	Apr. 22	CI
Sector Update: Energy Stocks Ease in Late Wednesday Afternoon Trading	Apr. 17	MT
Sector Update: Energy Stocks Lower in Wednesday Afternoon Trading	Apr. 17	MT
Sunoco Completes European Terminal Acquisition From Zenith Energy, Sale of Convenience Stores; Reaffirms Guidance	Apr. 17	MT
Sunoco Completes European Terminal Acquisition, Station Sale to 7-Eleven -- OPIS	Apr. 17	DJ
Earnings Focus Lifts Exchange-Traded Funds, Equity Futures Pre-Bell Wednesday	Apr. 17	MT
Zenith Energy Completes Bond Exchange Offer	Apr. 11	MT
EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake	Mar. 20	AN
ICC Arbitral Tribunal to Convene in April for Zenith Energy, Republic of Tunisia Oil Dispute	Mar. 20	MT
Zenith Energy Boosts Stake in Italian Natural Gas Concession	Mar. 13	MT
Sunoco LP completed the acquisition of liquid fuels terminals in Amsterdam, Netherlands and Bantry Bay, Ireland from Zenith Energy Ltd..	Mar. 12	CI
Zenith increases stake in Italian gas concession to 50%	Mar. 12	AN
Zenith Energy Says 'Significant Majority' of Noteholders Indicated Acceptance of Exchange Offer	Mar. 12	MT
Zenith Energy Ltd. acquired additional 10% stake in Sant'Andrea natural gas production concession from Petrorep Italiana S.R.L.	Mar. 11	CI
Zenith Energy Appoints Exchange Agent for Extended Bond Exchange Offer	Mar. 01	MT
Sunoco LP agreed to acquire liquid fuels terminals in Amsterdam, Netherlands and Bantry Bay, Ireland from Zenith Energy Ltd. for approximately ?170 million.	Feb. 13	CI
Zenith Energy raises GBP1.3 million via private placement	Feb. 13	AN
Sunoco's NuStar Buy Augurs Expansion in Rack Marketing and Trading -- OPIS Analysis	Jan. 23	DJ
Sunoco Strikes $7.3 Billion All-Equity Deal to Buy NuStar Energy	Jan. 22	MT
Coro Energy strikes finance deal in Vietnam	Jan. 18	AN
Sunoco to Buy Whiddy Island Oil Terminal	Jan. 11	CI
Sector Update: Energy Stocks Slightly Higher Late Thursday Afternoon	Jan. 11	MT
Sector Update: Energy	Jan. 11	MT

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Company Profile

Zenith Energy Ltd. is a Canada-based independent energy company with production, exploration and development assets in Africa, the Middle East and Europe, including electricity generation in Italy. The Company is focused on development of oil, gas and electricity production assets, as well as low-risk exploration activities in assets with existing production. Tunisia operations include approximately 204 square kilometers (km), located onshore in the Pelagian Basin, eastern Tunisia, circa 190 km south of Tunis, in the Governorate of Mahdia. In Italy, the Company operates a range of energy production assets, producing natural gas, condensate, and electricity. Its portfolio of interests in onshore natural gas production and exploration assets across Italy, includes Masseria Grottavecchia, San Teodoro, Torrente Cigno, Misano Adriatico, Sant Andrea, and Masseria Petrilli. The Companyâs subsidiary is Cyber Apps World Inc. (CYAP), is engaged in software development.

Sector

Oil & Gas Exploration and Production

Calendar

2024-10-01 - Q4 2024 Earnings Release (Projected)

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Sector Other Oil & Gas Exploration and Production

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