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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: 1.95
Bid: 1.80
Ask: 2.10
Change: 0.00 (0.00%)
Spread: 0.30 (16.667%)
Open: 1.95
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TRADING UPDATES: Tekcapital investee and Puma VCT 13 raise funds

Thu, 22nd Jul 2021 19:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Tekcapital PLC - London-based intellectual property investment firm - Says portfolio company Lucyd's Innovative Eyewear subsidiary has launched a new Regulation Crowdfund. They are seeking to raise USD500,000 at a USD20 million pre-money valuation. The proceeds are earmarked for building inventory to meet increasing customer demand from its e-commerce and retail sales channels.

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Puma VCT 13 PLC - investment firm - Intends to launch a new offer for subscription later in July to raise up to GBP20.0 million with an over-allotment facility of up to a further GBP10.0 million.

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3i Infrastructure PLC - Jersey-based investment firm - Says the strategic review of Oystercatcher's European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an advanced stage. 3i, Oiltanking GmbH and Evos, through Evos Finance BV, intend to enter into an agreement for the sale & purchase of Oystercatcher's 45% stakes in the terminals, as well as the 55% stakes held by Oiltanking GmbH. Entering into a sale & purchase agreement is subject to the applicable Dutch and Belgian employee consultation procedures.

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Vela Technologies PLC - investment firm - Invests GBP750,000 in Northcoders Group PLC's initial public offering funding round which has raised GBP3.5 million. The investment was made from Vela's existing cash resources and is the second-largest investment made by Vela since its strategic relaunch in August 2020.

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Ecofin US Renewables Infrastructure Trust PLC - investment firm - Agrees to buy twelve ground mount solar photovoltaic projects at construction stage with an aggregate asset value of USD95 million. The combined capacity of the projects is estimated at 69 megawatts, which will help offset over 83,000 tonnes of CO2 equivalent each year. The projects are expected to commence operations in phases beginning in the first quarter of 2022.

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Oncimmune Holdings PLC - Nottingham, England-based diagnostics company - Reports the pre-publication of the first results from its collaboration with Cedars-Sinai Medical Center in Los Angeles. The paper focuses on the characterisation of sex-specific prevalence and selectivity of autoantibody responses to the SARS-CoV-2 virus. The aim of this initial research project was to use the SeroTag infectious diseases discovery array to detect autoantibodies to over 90 antigens previously linked to a range of classic autoimmune diseases. The paper reveals a sex-specific prevalence and selectivity of autoantibody responses to SARS-CoV-2 and concludes that further understanding of the nature of triggered and persistent autoantibody activation among men and women exposed to SARS-CoV-2 will be essential for developing effective interventions against both acute, and chronic immune-mediated sequelae of Covid-19.

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Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Says Chapman Petroleum Engineering Ltd, Zenith's independent qualified reserves evaluator, has produced a new independent evaluation of reserves for the year ended March 31. Chapman has assessed Zenith's proved plus probable reserves for its existing portfolio in Italy and Tunisia as 6,274 million barrels of oil equivalent.

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Atlas Mara Ltd - Tortola, British Virgin Islands-based financial services firm - Defends the application by TLG ATMA Ltd with the High Court of Justice of the Eastern Caribbean Supreme Court, British Virgin Islands seeking to appoint joint liquidators for Atlas Mara. The company says this outcome is in the best interest of all stakeholders and is a vindication of the company's position.

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UDG Healthcare PLC - Dublin, Ireland-based healthcare company - Says shareholders voted in favour of UDG takeover in an adjourned meeting in connection with the increased and final recommended cash offer by Nenelite Ltd, an affiliate of Clayton, Dubilier & Rice LLC. The sanctioning of the acquisition by the High Court is expected in August. No third-quarter trading update will be issued by UDG, it says.

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Audioboom Group PLC - Jersey-based podcasting company - Rejects possible offer from All Active Asset Capital Ltd as it "undervalues the Audioboom business, its progress and potential to capitalise on its market position to generate value for the company's shareholders". The company notes that Active Asset Capital must by no later than August 16 to either make an offer or to announce that it does not intend to make an offer.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Zenith increases stake in Italian gas concession to 50%

Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Acquires an additional 10% interest in the Sant'Andrea onshore concession from Petrorep Italiana SRL. The concession covers around 164 square kilometres and is located in north-eastern Italy. After completion, Zenith's interest in Sant'Andrea will increase to 50%. The company intends to reactivate production at Sant'Andrea's S. Antonio-1 well, and expects initial production to reach 1,500 cubic metres of natural gas per day. Under the terms of the deal, Petrorep has paid Zenith's Italian subsidiary EUR248,000 to cover its share of future abandonment and plugging costs.

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IN BRIEF: Zenith Energy raises GBP1.3 million via private placement

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Completes private placement in the UK and Norway. Raises GBP1.3 million in total, resulting in the issue of 37.9 million shares. Shares are priced at GBP0.03 for the UK financing and NOK0.42 for Norwegian financing.

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29 Dec 2023 14:31

IN BRIEF: Zenith swings to loss on higher costs; revenue drops

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Swings to a pretax loss of CAD1.9 million, or GBP1.1 million in the six months ended September 30 from CAD259,000 profit a year prior.

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6 Dec 2023 11:57

Zenith Energy demands over USD85 million from Tunisian government

(Alliance News) - Zenith Energy Ltd shares jumped up on Wednesday after it announced a formal claim for USD85.8 million in damages from the Republic of Tunisia over a blocked acquisition.

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30 Nov 2023 21:10

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29 Nov 2023 14:20

Zenith Energy hails arbitral tribunal rejecting defendant request

(Alliance News) - Zenith Energy Ltd on Wednesday hailed an International Chamber of Commerce appointed arbitral tribunal which rejected the Tunisian national oil company's request to include Tunisia as co-defendant in claims against it.

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18 Oct 2023 15:16

IN BRIEF: Zenith Energy continues to pursue claim against SMP Energies

Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Updates on the legal claim of its fully owned subsidiary, Anglo African Oil & Gas Congo SAU, against SMP Energies. SMP Energies is the rig contractor that performed drilling services in wells TLP-103 and TLP-103C of the Tilapia oilfield in the Republic of the Congo during 2018 to 2019. It was ordered to pay EUR30,000 to AAOGC as damages for its "abusive procedural behaviour". Explains that SMP failed to pay the damages payment to AAOGC and consequently the Paris Commercial Court seized the amount of damages from an SMP bank account in France.

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19 Sep 2023 19:43

IN BRIEF: Zenith signs memorandum of understanding for Kazakhstan deal

Zenith Energy Ltd - Calgary, Canada-based energy firm - Signs a third memorandum of understanding with a company incorporated in Kazakhstan to evaluate the potential acquisition of an oil production and development asset. Explains the seller holds a 100% interest in the asset located in the Atyrau region. Notes the acquisition target formerly produced from wells drilled in 2008 at a rate of approximately 200 barrels of oil per day prior to the onset of the Covid-19 pandemic. Production is currently suspended. The purpose of the MOU is to formalise a framework whereby Zenith's interest may be completed subject to the completion of a rigorous technical and financial due diligence. According to the terms of the MOU, commercial terms, if agreed, are to be formalised by way of a share purchase agreement on or before November 30.

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15 Sep 2023 10:46

Zenith Energy strikes deal for possible buy of Kazakhstan oil assets

(Alliance News) - Zenith Energy Ltd on Friday said it has signed a second memorandum of understanding with an unnamed company in Kazakhstan to explore the potential of buying two oil development assets in the Kyzylorda region.

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