Zenith Energy Ltd - ZENAF STOCK NEWS

Welcome to our dedicated page for Zenith Energy news (Ticker: ZENAF), a resource for investors and traders seeking the latest updates and insights on Zenith Energy stock.

Zenith Energy Ltd. is an international energy production and development company focusing on opportunities in Central Asia, the US, North Africa, and Europe. With revenue-generating assets, exploration projects, and a strategic shift towards energy production, Zenith aims to drive long-term growth and success in the energy sector.

Recent achievements include completing acquisitions, increasing stakes in natural gas production, and initiating significant arbitration proceedings against entities in Tunisia. The company's operational updates reflect a commitment to expanding revenue streams, pursuing new acquisitions, and navigating legal challenges to protect commercial interests.

08/02/2024 08:00 AM

News

Publication of 2024 FY Annual Audited Report

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Zenith Energy (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) has published its audited annual financial results for the year ended March 31, 2024. Key highlights include:

- Revenue from oil and gas production: CAD$1,788K (down from CAD$13,159K in 2023)
- Inventory: CAD$2,031K (9,899 barrels of crude oil in Tunisia)
- Natural gas sales from Italian assets: 159,119 Mcf (down from 177,246 Mcf)

CEO Andrea Cattaneo emphasized the company's focus on seeking redress for breaches by Tunisian authorities, including an ongoing ICC Arbitration against ETAP for non-payment of approximately US$7.5 million. Zenith continues to evaluate acquisition opportunities and will provide updates on its growth strategy, including the conditional acquisition of Devonian Petroleum

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03/20/2024 09:00 AM

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Update on Arbitrations against Republic of Tunisia and ETAP

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Zenith Energy provides updates on international arbitration proceedings against the Republic of Tunisia and ETAP. The company's subsidiaries have initiated ICC Arbitration claims for non-payment of oil, breach of contract, and damages totaling millions of dollars. The expected decisions on these claims range from late 2024 to early 2025, with potential awards in favor of Zenith's subsidiaries. The ICSID Arbitration against the Republic of Tunisia is ongoing, with a revised claimed amount of at least US$48 million. The arbitration is expected to conclude in 2027.

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03/12/2024 02:15 PM

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Update on Italian Energy Production Portfolio

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Zenith Energy Ltd. Completes Acquisition in Italy and Updates on Energy Production Portfolio

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02/13/2024 03:05 PM

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Completion of Financing with Institutional Support

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Zenith Energy Ltd. completes private placements in the UK and Norway, raising approximately £1,260,000. The company issues new common shares to fund acquisitions and working capital. Directors participate in the financings, aiming for value creation in 2024.

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01/18/2024 09:25 AM

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Update on United States Portfolio

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Zenith Energy Ltd. announces the completion of the first acquisition in the US onshore oil and gas space by its subsidiary, Cyber Apps World Inc. The acquisition represents a shift in strategy towards energy production and development. The company also confirms the discontinuation of three separate transactions announced in 2023. The change of name to Leopard Energy, Inc. reflects the strategic shift away from software development.

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12/29/2023 08:30 AM

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Zenith Energy Ltd. Publication of Half-Year Results

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Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF) has published its consolidated half-yearly unaudited financial results for the six months ended September 30, 2023. The company generated revenues of CAD$1,362k, produced 1,789 barrels of oil from Tunisian assets, and sold electricity, natural gas, and condensate from Italian assets. The company aims for long-term development and commercial success through strategic acquisitions in Kazakhstan and the USA.

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12/20/2023 08:15 AM

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ZENITH ENERGY LTD.: Acquisition of Devonian Petroleum Limited

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Zenith Energy Ltd. (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) announces conditional acquisition of 50% shares and voting rights in Devonian Petroleum Limited for approximately 5 million USD. Devonian holds hydrocarbon exploration rights in the Akkudukski Block in Kazakhstan with P50 resources of 120 million barrels above the salt and 400 million barrels below the salt.

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12/06/2023 08:20 AM

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ICC Arbitration for SLK against Tunisia

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Zenith Energy Ltd. (LSE: ZEN)(OSE: ZENA)(OTCQB: ZENAF) announces initiation of ICC arbitration case against the Republic of Tunisia for damages amounting to US$85.8 million. The company is confident in the merits of the case and aims to ensure full compensation for shareholders.

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11/30/2023 07:50 AM

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New Kazakhstan Subsidiary and Pre-contract Terms

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Zenith Energy Ltd. (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) is in advanced stages of finalizing terms for the potential acquisition of oil production and development assets in the Republic of Kazakhstan. The company has incorporated a subsidiary named Zenith Munay LLP and has agreed to formalize a pre-contractual framework for an opportunity comprising two oilfields with a near-term production potential of approximately 400 barrels of oil per day. Zenith expects to achieve circa 400 barrels of oil per day as a starting point and gradually scale up production through field rehabilitation operations and drilling of new wells.

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11/29/2023 09:30 AM

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ICC Arbitral Tribunal Awards Costs

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Zenith Energy Ltd. (ZEN) is an international energy production and development company listed on the London Stock Exchange, Euronext Growth of the Oslo Stock Exchange, and the Venture Market of the OTCQB. The company has won an ICC Arbitration against Entreprise Tunisienne d'Activités Pétrolières (ETAP), ordering ETAP to pay approximately EUR 120,000 in costs. Zenith Energy will seek to enforce the decision to receive payment directly to its subsidiary, Ecumed Petroleum Zarzis Ltd (EPZ), registered in Barbados. This comes after Zenith successfully obtained a conservative seizure of approximately US$6.5 million from ETAP's bank account in Switzerland due to ETAP's failure to comply with contractual obligations and pay for oil produced and sold by EPZ.

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FAQ

What is the current stock price of Zenith Energy (ZENAF)?

The current stock price of Zenith Energy (ZENAF) is $0.12 as of February 25, 2025.

What is the market cap of Zenith Energy (ZENAF)?

The market cap of Zenith Energy (ZENAF) is approximately 34.7M.

What is Zenith Energy Ltd. known for?

Zenith Energy Ltd. is an international energy production and development company with a focus on Central Asia, the US, North Africa, and Europe.

What are Zenith's recent achievements?

Recent achievements include completing acquisitions, increasing stakes in natural gas production, and initiating significant arbitration proceedings in Tunisia.

What does Zenith aim to achieve?

Zenith aims to drive long-term growth and success in the energy sector through revenue-generating assets, exploration projects, and strategic energy production initiatives.