Company
Zenith Energy Ltd
LON:ZEN
Zenith Energy Ltd. is a Canadian oil & gas production company, listed on the London Stock Exchange (ZEN) and the TSX Venture Exchange (ZEE). The main focus of the Company is the acquisition of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities. Zenith operates the largest onshore oilfield in Azerbaijan through its fully owned subsidiary, Zenith Aran Oil Company Limited, and has a number natural gas producing concession in Italy, through its subsidiary, Canoel Italia Srl. The Company’s Italian operations also include the production of electricity and condensate.
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Zenith Energy strikes deal to buy Coro Energy’s Italian assets
The deal starts at £402,000 but a further £3.5mln could be payable if a programme of well interventions significantly boost production from the acquired assets.
Zenith Energy swaps out more short-term debt
On the operations front, Zenith will shortly release details on flow rates from the C-37 well at Jafarli in Azerbaijan.
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