Zenith Energy Ltd., , , the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to provide an update on its drilling programme and well perforation activities. Drilling Programme The Company has evaluated a number of drilling locations to follow planned drilling operations in well C-30. As previously announced, mobilisation of Zenith's 1,200hp drilling rig to the [...]
October 10, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd., , , the international oil & gas production company operating onshore in Azerbaijan, is pleased to announce that ARC Ratings, SA. has confirmed its final public "B+" issuer medium and long-term credit rating, with Positive outlook, assigned to the Company. ARC Ratings is a European credit rating agency with a 25-year history, registered with the European [...]
October 9, 2019 - TheNewswire - Zenith Energy Ltd., , , the international oil & gas production company operating onshore in Azerbaijan, is pleased to provide an update on drilling results at well C-37 in the Jafarli oilfield. The Company can confirm that continued flow testing of the well recorded a production rate of approximately 285 barrels of oil per day, adding significant uplift to Zenith's total in country [...]
Calgary, AB - TheNewswire - October 3, 2019 - Zenith Energy Ltd., , , the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to provide an overview of drilling results at well C-37 in the Jafarli oilfield. The Company can confirm that well C-37 has successfully been drilled to a total depth of 4,350 metres accomplishing both its operational objectives of penetrating [...]
October 1, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd., , , the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that it has successfully further reduced its debt position. Loan Facility for US$1,485,000 and accrued interest As announced on August 5, 2019, the Company was notified by the guarantor of the facility, Mr. Andrea Cattaneo, Chief [...]
TheNewswire - September 17, 2019 - Zenith Energy Ltd., , , the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to provide an update regarding its debt position. Debt Reduction The Company is pleased to confirm that it has reduced its short-term debt by approximately US$2,175,000 during the past 14 months. Loan Facility for US$1,485,000 and accrued interest As [...]
September 9, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd., , , the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to provide an update regarding drilling operations at well C-37 in the Jafarli oilfield. The Company confirms that the deepening of well C-37 has successfully identified three untapped oil-bearing clastic layers in the Middle Eocene [...]
Zenith Energy Ltd. is pleased to announce that drilling operations at well C-37 of the Jafarli oilfield have commenced. The Company will provide further updates as appropriate in accordance with operational progress. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Further Information: Zenith Energy Ltd. Andrea Cattaneo, Chief [...]
Zenith Energy Ltd. the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, announces that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company the following information: 1. He purchased a total of 475,000 common shares of no par value in the capital of the Company at an average price of GBP0.0255 per Common Share on the London Stock [...]
Zenith Energy Ltd. the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that 1.He purchased 700,000 common shares of no par value in the capital of the Company at an average price of GBP 0.02471 per Common Share on the London Stock Exchange, and 7,187,632 [...]
Zenith Energy Ltd. is pleased to provide an update on its short and long-term debt position. On January 11, 2019, the Company announced that it had issued and listed a new EMTN, on the Third Market of the Vienna Stock Exchange, with an interest rate of 8% per annum payable semi-annually, and a final maturity date of December 20, 2021. Zenith is pleased to report that, to date, all interests payable in relation to the [...]
Zenith Energy Ltd. the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to provide an update on the completion of the placing in Canada announced on August 1, 2019. Following the completion of the Canadian Placing, Zenith has issued a total of 47,812,500 Common Shares and 47,812,500 Warrants raising gross proceeds of CAD$1,912,500 . As announced on August [...]