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  3. Zenith Energy Share Price
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  5. Zenith Energy Makes Offer For Tilapia Oilfield in Congo-Brazzaville

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Share Price Information for Zenith Energy (ZEN)

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Share Price: 1.90
Bid: 1.80
Ask: 2.00
Change: 0.00 (0.00%)
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Open: 1.90
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Zenith Energy Makes Offer For Tilapia Oilfield in Congo-Brazzaville

Mon, 20th Jul 2020 14:48

(Alliance News) - Zenith Energy Ltd on Monday said it has submitted a commercial and technical offer to the Ministry of Hydrocarbons in the Republic of the Congo for a 25-year licence for the Tilapia oilfield.

The oil & gas production company expects an answer for the offer in the next 30 days.

Zenith Chief Executive Andrea Cattaneo said: "The Tilapia asset has transformational production potential and the award of a new 25-year licence will represent the first important successful milestone in our journey in the Congo. It is our hope and expectation that we shall achieve this goal in due course."

The company's subsidiary, Anglo African Oil & Gas Congo SAU, continues to operate the Tilapia oilfield on an interim basis.

Cattaneo also noted that the company is nearing an agreement with Societe Nationale des Petroles du Congo to AAOG Congo for the payment of USD5.3 million in debt.

Zenith Energy shares were up 18% at 0.80 pence each on Monday afternoon in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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2 Sep 2022 11:54

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IN BRIEF: Zenith Energy posts record electricity profit in Italy

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IN BRIEF: Zenith Energy plans to reactivate the Sant'Andrea concession

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IN BRIEF: Zenith Energy returns to production at Robbana in Tunisia

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IN BRIEF: Zenith Energy eyes increased electricity production in Italy

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IN BRIEF: Zenith Energy to hold 114,000 barrels crude oil in Tunisia

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