Zenith Energy Ltd - oil & gas production company with operations in Italy, Tunisia, Azerbaijan, and the Republic of the Congo - Pre-qualifies for 2020 marginal field bid round organised by Nigerian Department of Petroleum Resources. Zenith is participating as the technical and financial partner to an undisclosed Nigerian registered oil and gas company. "This bid round represents an exceptionally rare opportunity for Zenith to acquire at highly advantageous terms, a large, underdeveloped, near-term production asset," says Zenith Chief Executive Officer Andrea Cattaneo. "This is especially the case in the current low oil price environment."
Current stock price: 0.50 pence
Year-to-date change: down 74%
By Tom Waite; thomaslwaite@alliancenews.com
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Zenith Energy (ZEN)