đŸ”„ZENITH ENERGY LTD nytt oppkjĂžpđŸ”„

Slettet bruker
ZENA 21.04.2021 kl 08:12 10971


Binding Offer to acquire oil production and development assets in Tunisia

April 21, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Binding Offer to acquire oil production and development assets in 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 that it has made a binding offer (the “Offer”) to wholly acquire a company holding a 100% interest in two hydrocarbons production and development concessions in Tunisia (the “Potential Acquisitions”), which has now been accepted.

Terms

The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration of approximately USD$200,000.

Production

The Potential Acquisitions currently produce approximately 80-100 barrels of condensate per day with 5.5-6 MMSCF of natural gas, which is re-injected into the formation, from the first Potential Acquisition concession, and approximately 25 barrels of oil per day from the second Potential Acquisition concession. One well within the first Potential Acquisition concession suffered tubing string damage and has been temporarily shut-in, having had a stabilised production range of between approximately 500-600 barrels of oil per day prior to production being suspended. The low oil price environment during 2020 and the material investment required to restore production from this well have prevented the necessary repair work from being implemented.

A recent study carried out by seller in respect of the second Potential Acquisition, comprising production, cost-effectiveness and feasibility evaluations, concluded that the current production of approximately 25 barrels of oil per day could be increased to up to approximately 200 barrels of oil per day via drilling activities. The seller did not implement the recommendations of the study due to the low oil price environment during 2020 and the emergence of financing difficulties.

Terms and Expiry of Potential Acquisitions

Both Potential Acquisitions will be acquired with a 100% working interest.

The Company can confirm that the Potential Acquisitions are due to expire during the years 2033 and 2034 respectively.


Andrea Cattaneo, Chief Executive Officer of Zenith, commented:

"We are very pleased to continue further enriching our portfolio of oil and gas production and development assets in Tunisia, especially with these Potential Acquisitions which contain significant untapped potential and opportunity for value creation.

We expect to shortly achieve a daily production in excess of approximately 1,000 barrels of oil per day by way of our recently announced acquisitions, as well as the near-term development activities we intend to perform in these assets, which would very favourably position the Company in terms of profitability in the current oil price environment.

I look forward to sharing further information on the Potential Acquisitions once they are completed.”


https://newsweb.oslobors.no/message/530686
LittleNoisyBoy
22.04.2021 kl 12:46 2827

Hvor gammel er du Chris85? Du virker litt for ung til Ă„ vĂŠre her.
Slettet bruker
22.04.2021 kl 19:28 2651

Tror du det? Og det kommer fra en som har "boy" i brukernavnet sitt. JĂžss...
Liverbirds
22.04.2021 kl 19:31 2642

NÄr en boy klager pÄ nivÄet ditt...

Da kan du jo selv tenke hvor lavt det ligger pÄ.
Aldara
22.04.2021 kl 19:41 2621

Ikke angrip hverandre! Diskuter strategier istedenfor!
Byzantin
22.04.2021 kl 20:27 2545

Strategier i forhold til hva? AksjonÊrene har vel ikke mye de skulle ha sagt nÄr det gjelder styringen av selskapet.
Redigert 22.04.2021 kl 20:31 Du mÄ logge inn for Ä svare
Bove
22.04.2021 kl 20:56 2492

Ja jeg sitter i ZENA jeg og, men har lurt litt pÄ hva det vil si Ä vÊre "fullastet"?
Skulle ha Þnsket at jeg ogsÄ kunne det, men da mÄ jeg vel ha mill. av aksjer da, og det har jeg ikke.
Bare lurte.

bove
Slettet bruker
22.04.2021 kl 21:17 2450

KjÞpt det du klarer! SÄ er du fullastet. Om det er 1 million eller 15 kommer Ann pÄ hvor mye penger man har til kjÞp.,

MĂ„tte det komme big news snart!
Liverbirds
22.04.2021 kl 21:32 2401

Trodde dette var den useriÞse trÄden hvor man kan si akkurat hva man vil.
Aldara
22.04.2021 kl 22:12 2336

For meg betyr fullastet at man ikke har mer Ă„ kjĂžpe for! Jeg sitter pt med 2 mill aksjer!
Galv
22.04.2021 kl 23:12 2243

Fullastet med 2 mill-ja det gir nÄ 2 millnok nÄr de blir 1 kr.
Spm mitt er det nok med 2 mill hytte-ny bil- bÄt - pensjon
Er bedre med 5-10 eller kanskje 15. Du bÞr huske pÄ en mulighet som Zenith kommer maks 1 gang hvert 10 Är.AC har pakket kofferten og sitter nok pÄ toget til flyplass nÄ - Congo next.
SĂ„g du ogsĂ„ lurte pĂ„ lukket gruppe- det holder nok ikkje med 2 m aksjer. Hva som skal til for AC svare pĂ„ email eller tlf tror eg er 12.5 m sĂ„ vurdere og kjĂžpe noen til sĂ„ eg fĂ„r siste nytt fra fronten i Congo 💰🛱
Billyjojimbob
23.04.2021 kl 08:10 2035

Pos strokes
https://newsweb.oslobors.no/message/530962
Redigert 23.04.2021 kl 08:12 Du mÄ logge inn for Ä svare
Slettet bruker
23.04.2021 kl 08:12 2021

MÄ vÊre siste dagen man fÄr kjÞpt pÄ disse nivÄer. Men man vet aldri siden det er for mange aksjer i selskapet, det ser latterlig bra ut for AC nÄ.
citius
23.04.2021 kl 08:23 1963


Stadige forbedringer

Blir mye stang inn her fremover :-))))