Zenith Energy Share Chat (ZEN)

?

Hi just post it on here but somewhere else, enter sandstorm into the search bar it will bring up ovgm a canadian company nobody posts in and post it there ;-)

Paul what’s your email found the clip from couple weeks back. You might need an Arabic interpreter though. The court case will go in zeniths favour again just depends how much we need to pay back the legal people even 50% of 150m will be a huge result for us comparing to our current market cap. Everyone back into the crypto market and the uk stock market is getting no love, will change in a couple months though.

Or maybe the Tunisian court case is ?

We are in precarious times here, I fear some holders are dumping as no new news on KZK.

Flashgarden $150m court case pending

The risk will be worth it when the court case is concluded and the Tunisians have already been fined twice for not adhering to the rules. We will win just depends when and how much of $150m after legal fees.

Perhaps we resent the 'perceived' success rate approaching zero; and by 'perceived' I of course mean 'actual' . Their main success has been associated with a global spike in energy prices that was outside their control and influence. No doubt the zealots will start blaming corrupt regimes for the situation but IMO that is like blaming traffic for being late when you have chosen to travel at rush hour, through the city using a route with major roadworks. They knew the score. They chose to do it despite the risks. At this particular moment in time their success rate is virtually non existent imo.

Yeah come to think, what do we resent?

'perceived'???

Plus sitting on 80% losses

Think the key words on this BB tend to be connected to: bitterness, perceived grievance and resentfulness .

Yes another 8 to 9 boe gas per day from October will go down a treat if successful. Partners missing out by not participating.

Funny how no one comments on this? Lol

Won’t say no to a couple mill to the market cap a year.

Now Kazakhstan next and we’re good to go!

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Update on Italian Energy Production Portfolio

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the listed international energy production and development company, is pleased to announce the full completion of an acquisition in Italy, as well as providing an update on its Italian energy production portfolio.

Acquisition of additional stake in Sant'Andrea natural gas production concession ("Sant'Andrea")

The Company is pleased to announce that it has acquired, and received the necessary final regulatory approvals, for the acquisition of an additional 10% interest in Sant'Andrea (the "Acquisition") from Petrorep Italiana S.R.L. ("Petrorep").

Following completion of the Acquisition, Zenith's 40% interest in Sant'Andrea has increased to 50%.

As previously announced, the Company plans to reactivate the S. Antonio-1 well located in Sant'Andrea, with an expected initial production rate of approximately 1,500 cubic metres of natural gas per day.

Under the terms of the acquisition, Petrorep has paid Zenith's Italian subsidiary the amount of EUR 248,000 (approximately GBP 212,000 or NOK 2,850,000) to cover its share of future plugging and abandonment costs calculated pro rata based on its participation in Sant'Andrea.

The Company is confident that production from Sant'Andrea will commence in October 2024.

Zenith's partners in Sant'Andrea have communicated that they do not intend to fund the costs associated with its reactivation. Zenith will therefore receive full entitlement to the production revenue to be received from Sant'Andrea, as well as bearing the full costs associated with the reactivation of production, estimated in the amount of EUR 20,000.

Italian Electricity Production - Torrente Cigno Concession ("Torrente Cigno")

The Company continues to generate electricity at the Torrente Cigno with an average monthly production of approximately 950 megawatt hours ("MWh").

Electricity prices averaged approximately EUR 96 per MWh during January 2024 and averaged approximately EUR 84 during the month of February 2024, resulting in cumulative net revenues of approximately EUR 171,000 for the period.

Zenith's current net production costs remain fixed at approximately EUR 35,000 per month.

Andrea Cattaneo, Chief Executive Officer, commented:

"We are pleased to have increased our participation in Sant'Andrea which we hope to bring to production later this year, creating an additional revenue stream for the Company.

I am pleased to report that the Company is currently evaluating a potentially significant additional acquisition in Italy, and I look forward to providing updates in due course if negotiations prove successful."