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Beskrivning

LandKanada
ListaEuronext Growth Oslo
SektorRåvaror
IndustriOlja & gas
Zenith Energy är verksamma inom olje- och gassektorn. Bolaget är specialiserade inom prospektering samt vidare utvinning av olja- och naturgas. Störst andel av förnödenheterna består av råolja. Verksamhet återfinns inom Mellanöstern samt inom Azerbajdzjan där bolaget förfogar över större produktionsanläggningar. Kunderna består huvudsakligen av stora industriella aktörer runtom den globala marknaden.
2019-10-18 17:24:45
October 18, 2019


ZENITH ENERGY LTD.
("Zenith" or the "Company")
Potential Private Placement in Norway
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE:
ZENA-ME), the international oil & gas production company announces that it plans
to complete a private placement in Norway at a price NOK 0.35 per Zenith common
share.
The potential transaction is subject to the approval of the TSX Venture Exchange
and of the Oslo Stock Exchange.
The Company will provide further information to the market as appropriate. 
Further Information:
 Zenith Energy Ltd 	 
Andrea Cattaneo, Chief Executive Officer	
Tel: +1 (587) 315 9031
E-mail: info@zenithenergy.ca
 	 
 
Notes to Editors: 
Zenith Energy Ltd. is an international oil and gas production company, listed on
the TSX Venture Exchange (TSX.V:ZEE) and London Stock Exchange (LSE:ZEN). In
addition, the Company's common share capital was admitted to trading on the
Merkur Market of the Oslo Børs (ZENA:ME) on November 8, 2018. The Merkur Market
is a multilateral trading facility owned and operated by the Oslo Børs. 
The Company was assigned a medium to long-term issuer credit rating of "B+ with
Positive Outlook" on October 9, 2019 by Arc Ratings, S.A. 
The Company operates the largest onshore oilfield in Azerbaijan following the
signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and
Production Sharing Agreement), with SOCAR, State Oil Company of the Republic of
Azerbaijan, in 2016. 
The Company's primary focus is the development of its Azerbaijan operations by
leveraging its technical expertise and financial resources to maximise low-cost
oil production via a systematic field rehabilitation programme intended to
achieve significantly increased revenue. Zenith also operates, or has working
interests in, a number of natural gas production concessions in Italy. The
Company's Italian operations produce natural gas, condensate and electricity.
Zenith's development strategy is to identify and rapidly seize value-accretive
hydrocarbon production opportunities in the onshore oil & gas sector. The
Company's Board of Directors and senior management team have the experience and
technical expertise to develop the Company successfully.