IN BRIEF: Zenith does not renew option to pick up stake in Nobel Hill

Wed, 02nd Mar 2022 21:15

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Decides to not renew its option agreement with Noble Hill-Network Ltd for the purchase of a 42% interest in the latter's share capital.

"The company remains of the view that the development of the North-West Corner of OML 141 in Nigeria has significant potential, and it shall look to revisit the opportunity once the ownership of NHNL is unequivocally confirmed by the Nigerian courts," the company stated.

Current stock price: 0.77 pence

12-month change: down 29%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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