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Share Name Share Symbol Market Type Share ISIN Share Description
Zenith Energy Ltd. LSE:ZEN London Ordinary Share CA98936C1068 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.875 0.85 0.90 0.875 0.875 0.875 103,598 08:00:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.4 6.7 -83.0 - 3

Zenith Energy Ltd Commencement of ROB-1 workover, Tunisia

06/09/2021 7:00am

UK Regulatory (RNS & others)


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Zenith Energy Ltd

06 September 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

September 6, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Commencement of ROB-1 workover, Tunisia

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce the commencement of workover activities in well Robbana-1 ("ROB-1") in the Robbana concession, onshore Tunisia.

Prior to the beginning of workover operations, ROB-1 produced at a stabilised rate of approximately 20 bopd, with the last well intervention having taken place in 2012.

In the event of a successful workover, the Company is targeting to achieve an increased stabilised production rate of approximately 60-80 bopd.

The workover of ROB-1 is expected to be completed in approximately 25 days. An update will be provided once workover operations have been concluded.

Further Information:

 
 Zenith Energy Ltd 
 Andrea Cattaneo, Chief Executive Officer      Tel: +1 (587) 315 9031 
                                               E-mail: info@zenithenergy.ca 
 Allenby Capital Limited - Financial Adviser 
  & Broker 
 Nick Harriss                                  Tel: + 44 (0) 203 328 5656 
  Nick Athanas 
 

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 seize 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.

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