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Pin to quick picksZenith Energy Share News (ZEN)

Share Price Information for Zenith Energy (ZEN)

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Share Price: 0.875
Bid: 0.85
Ask: 0.90
Change: 0.00 (0.00%)
Spread: 0.05 (5.88%)
Open: 0.875
High: 0.875
Low: 0.875
Yest. Close: 0.875
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IN BRIEF: Zenith Extends Duration Of Investment Letter Of Intent

Fri, 7th Aug 2020 17:29

Zenith Energy Ltd - oil & gas production company with operations in Italy, Tunisia, Azerbaijan, and the Republic of the Congo - Extends duration of non-binding letter of intent signed with Arab consortium for USD2 million investment in share capital. Extension is for 90 days and terms remain unchanged with the investment prices at 2.5 pence per share. Investment subject to conditions include successful completion of acquisition in Tunisia as well as acquisition of two West Africa oil production licences. Investment also conditional on appointment of investor-proposed director to Zenith board. Acquisitions set to result in more than 1,500 barrels of oil per day production for Zenith across asset portfolio.

Current stock price: 0.60 pence

Year-to-date change: down 68%

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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