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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Produces a total of approximately 985.6-megawatt hours in August from the operations at its Torrente Cigno Concession in Italy. Records net revenue of roughly EUR530,000, as electricity prices average EUR538 per megawatt hour. States that the revenue represents a record.
"The continued exponential achievement of new records in revenue generation from our electricity production operation is significantly transforming the size and value of our Italian natural gas production portfolio," Chief Executive Andrea Cattaneo comments.
Current stock price: 1.19 pence, up 8.0% on Friday
12-month change: up 21%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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