Zenith Energy Ltd.

Zenith Energy Ltd. is pleased to provide an update on its operations in Azerbaijan. The Company continues to operate the Contract Rehabilitation Area generating a daily production of approximately 180 barrels of oil per day. As announced on March 2, 2020, the Company is currently formalising the handover process of the CRA to SOCAR. Zenith expects the Handover to be completed during the next 20 business days. Upon [...]

Zenith Energy Ltd. announces its intention to delist from the TSX Venture Exchange and confirms the full repayment of its largest outstanding liability. Rationale - Following the Company's dual listing on the Main Market for listed securities of the London Stock Exchange in January 2017 and the admission of its entire share capital to the Merkur Market of the Oslo Stock Exchange in November 2018, the Company has seen its [...]

Zenith Energy Ltd. is pleased to announce that its newly created wholly owned subsidiary Zenith Energy Netherlands B.V. has signed a conditional sale and purchase agreement with KUFPEC Limited for the acquisition of a working interest in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession , which contains the Sidi El Kilani oilfield. The Seller holds an undivided 22.5% interest in the Tunisian [...]

Zenith Energy Ltd. is pleased to announce that it has successfully renegotiated the terms for the acquisition from AIM listed Anglo African Oil & Gas plc of its fully owned subsidiary in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U, which has a 56 per cent. majority interest in, and is the operator of, the Tilapia oilfield in the Republic of the Congo. The Company has entered into a new conditional Deed [...]

Zenith Energy Ltd. is pleased to announce that it has received conditional approval for the private placement financing announced to the market on April 6, 2020. As a result of market demand, Zenith has completed an offering in the United Kingdom , and an offering in Norway. The Company is pleased to confirm that the Financings have been fully subscribed. The Financings have attracted the participation of several existing [...]

Zenith Energy Ltd. is pleased to announce that it is seeking approval to issue up to 75,000,000 new common shares to a selection of high net-worth private investors to raise gross proceeds of up to approximately GBP525,000 or NOK 6,750,000 or CAD$921,000. The issue price of the Private Placement is GBP0.007, NOK0.09 or CAD$0.0125. The Private Placement is subject to TSXV approval. Use of Proceeds The proceeds of the [...]

Zenith Energy Ltd. is pleased to announce that it has signed a non-binding Letter of Intent with an Arab consortium of strategic institutional investors focused on African development opportunities, to provide an investment of US$2 million in Zenith's share capital at a price of 2.5 pence per Zenith common share , representing a premium of 384% over the closing mid-market price of Zenith's common shares admitted to [...]

Zenith Energy Ltd. announces that it has entered into a conditional Deed of Variation to amend the terms of the consideration payable for the acquisition of an 80 per cent. interest in AAOG's fully owned subsidiary, Anglo African Oil & Gas Congo S.A.U, which has a 56 per cent. majority interest in, and is the operator of, the Tilapia oilfield in the Republic of the Congo . Under the original terms of the Acquisition [...]

Zenith Energy Ltd. provides the following update in view of the recent volatility in oil prices and financial markets. As announced to the market, Zenith has centred its strategic focus on pursuing large-scale, revenue generating oil production and development opportunities in Africa. Zenith is in the process of finalising the following, publicly announced, acquisitions: - Acquisition of an 80 percent interest in Anglo [...]

Zenith Energy Ltd. the international oil & gas production company, announces that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that he purchased a total of 1,850,000 common shares of no par value in the capital of the Company at an average price of GBP0.008471 per Common Share on the London Stock Exchange. Following the aforementioned dealings, Mr. Cattaneo is directly beneficially [...]