Zenith Energy Ltd Update on planned sale of Tunisian oil production (6791Z)
26 Janeiro 2022 - 4:00AM
UK Regulatory
TIDMZEN
RNS Number : 6791Z
Zenith Energy Ltd
26 January 2022
January 26, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Update on planned sale of Tunisian oil production
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international energy production and development
company, is pleased to provide an update on its next planned
international crude lifting of oil production from its Tunisian
portfolio. The lifting is scheduled for April 2022, following the
last sale of oil announced to the market on July 8, 2021.
The Company confirms that, based on current production rates
from its recently enlarged portfolio, it will hold a total of
approximately 114,000 barrels of crude oil in stock net to Zenith
in Tunisia, as of March 31, 2022.
Andrea Cattaneo, Chief Executive Officer of Zenith,
commented:
"The fundamentals of our energy production activities across our
energy production portfolio in Tunisia and Italy have never been
stronger. Despite the challenging financial market environment
caused by certain potential negative near-term global geopolitical
developments, as well as the lasting effects of the COVID-19
pandemic, we are extremely pleased to be an energy producer in the
current high energy price environment.
The significant benefits of having successfully implemented our
strategy of acquiring oil production and development assets since
2020 are now increasingly clear.
Production growth activities in Tunisia are our primary area of
focus, as was detailed in our operational update announcement of
January 24, 2022. These will be performed in tandem with the
potential acquisition of additional assets to expand our production
portfolio in Tunisia, as well as the potential near-term award of
the Tilapia II licence in the Republic of the Congo ."
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Further Information:
Zenith Energy Ltd Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Allenby Capital Limited - Tel: + 44 (0) 203 328 5656
Financial Adviser & Broker
Nick Harriss
Nick Athanas
------------------------------
Celicourt Communications Tel: +44 (0) 208 434 2643
(Financial PR) E: zenithenergy@celicourt.uk
Mark Antelme
Jimmy Lea
------------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly
complete value-accretive hydrocarbon production opportunities in
the oil & gas sector, specifically in Africa.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDDZGZMVVNGZZG
(END) Dow Jones Newswires
January 26, 2022 02:00 ET (07:00 GMT)
Zenith Energy (LSE:ZEN)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Zenith Energy (LSE:ZEN)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
