Zenith Energy Ltd.

Zenith Energy Ltd. provides the following update on its strategic direction in Azerbaijan. Handover of Contract Rehabilitation Area to SOCAR In view of Zenith's strategic focus on pursuing large-scale oil production and development opportunities in Africa, the Company will handover the Contract Rehabilitation Area to SOCAR. Zenith expects to shortly define the handover process of the CRA. It will continue to operate the [...]

Zenith Energy Ltd. is pleased to announce that it is in advanced negotiations to contract a drilling rig to perform planned drilling operations in the Republic of the Congo. As previously announced, Zenith has agreed to acquire an 80 percent interest in Anglo African Oil & Congo S.A.U , which has a 56 percent majority interest in, and is operator of, the Tilapia oilfield in the Republic of the Congo , by way of a [...]

Zenith Energy Ltd. company, announces that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that he purchased a total of 350,000 common shares of no par value in the capital of the Company at an average price of GBP0.0141 per Common Share on the London Stock Exchange. Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 41,509,115 Common [...]

Zenith Energy Ltd. announces that in addition to the issue of equity announced on February 14, 2020, which attracted the participation of a significant, existing UK institutional shareholder, and resulted in the issue of 9,000,000 new common shares at an issue price of GBP0.015, Zenith has today issued 11,000,000 new common shares in Norway following participation from certain Directors of the Company at a price of NOK [...]

Zenith Energy Ltd. is pleased to announce that it has completed an offering in the United Kingdom with a significant existing institutional shareholder, as well as a selection of high net-worth private investors. Following the UK Financing, the Company has issued 9,000,000 new common shares in the capital of the company to raise gross proceeds of GBP135,000. The issue price of the UK Financing is GBP0.015, representing a [...]

Zenith Energy Ltd. the listed international oil & gas production company, is pleased to announce the filing of its consolidated quarterly results for the three and nine months period ended December 31, 2019. In accordance with Canadian securities laws, filing of the Company's quarterly results was performed on February 14, 2020. A copy of these documents will shortly be available for review on the Company's website [...]

Zenith Energy Ltd. plans to issue up to 20,000,000 new common shares to existing UK institutional shareholders, as well as to a selection of high net-worth private investors to raise gross proceeds of up to GBP300,000 . The issue price of the Private Placement is planned to be GBP0.015 , representing a premium of 5.26% over the closing mid-market price of Zenith's common shares admitted to trading on the London Stock [...]

Zenith Energy Ltd. is pleased to announce that it has entered into final stage negotiations with a national oil authority to secure a material oil production license in West Africa. The Potential Acquisition, formerly operated by a major international oil company, last produced at a rate in excess of 1,000 barrels of oil per day. Following extensive due diligence, the Company believes an initial production rate of [...]

Zenith Energy Ltd. is pleased to provide an update on a number of financial and operational matters. EUR 25 million EMTN Programme As anticipated on January 20, 2020, the Company is pleased to announce that the following unsecured, multi-currency Euro Medium Term Notes at par value have now been issued: - EURO 1,000,000 bearing an interest of 10.125 per cent per year. ISIN: XS2108546735 - GBP 1,000,000 bearing an interest [...]

Zenith Energy Ltd.. As announced on December 9, 2019, Zenith intends to use Zenith Norway as a vehicle for intended participation in future licensing bids to be organised by the Norwegian Ministry of Petroleum and Energy, as well as to actively pursue the potential acquisition of working interests in mature energy production assets across Northern Europe. To this end, the Company will mandate a leading Norwegian law firm [...]