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4p by agm or just after it.

Exciting times are back....cash rich within next few weeks...

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5.25

0.00 (0.00%)

Bid: 0.00Ask: 0.00

Spread: 0.50 (10.00%)Market Cap: £37.52m

ZEN Live PriceLast checked at 07:24:12London Stock Exchange

Acquisition of PV development in Rome, Italy

Today 07:00

RNS Number : 3658H

Zenith Energy Ltd

08 June 2026

June 8, 2026

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Acquisition of PV development project in Rome, Italy

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the international energy production and development company, is pleased to announce the acquisition of an additional 5 MWp ground-mounted photovoltaic development project located within the Metropolitan City of Rome in the Lazio region of Italy (the "Rome PV Project").

This acquisition further strengthens Zenith's growing Italian renewable energy portfolio and represents another important step towards the Company's stated objective of exceeding 200 MWp of solar development capacity by the end of 2026.

Highlights

• The Rome PV Project brings Zenith's total solar development pipeline to 188.5 MWp, representing 94% of the Company's 200 MWp target for 2026.

• The site occupies a strategically prime location on the A1 motorway corridor north of Rome, adjacent to an established industrial area and connected to Central and Northern Italy's major transport infrastructure.

• Consideration is payable only upon securing all required permits and achieving Ready-to-Build status, in line with the Company's capital-efficient acquisition model.

• The total land consideration for the Rome PV Project is EUR 440,000.

Solar Development Strategy

The acquisition of the Rome PV Project increases Zenith's solar development pipeline to 188.5 MWp, marking substantial progress in the execution of the Company's solar strategy since its launch eighteen months ago and building upon more than a decade of operational experience in Italy's electricity sector.

In the Company's most recent independent valuation as at March 31, 2026, 173.5 MWp of the pipeline was assigned a value of EUR 54.7 million. With the pipeline now expanded to 188.5 MWp and continuing to grow, the Company expects this valuation to increase materially when it is next updated.

The most immediate mileston

Get in from the new start

Slate is cleaned...2p is the new starting point.

Next stop 4p and then the world's our oyster.

Sorry meant balancedviewer....

Sounds good Laura

Further more all hydrogen and helium exploration companies shares having been shooting up upon getting the licence...morrocco want hydrogen badly..

We are the first in morrocco. We have good identified sights.licence next...majid will get soundenergy to a £100m .I predict within a year.

Being reading about hydrogen and helium in morrocco..

Looks very promising for sound once we have licence sorted.which I think will be within next 2 to 3 months...

Geo up 26% today .I wonder why.no rns.

Good find balancedviewer......

In his investor presentation. Majid did say we have 1 agreed permit...

More to come.watch this space.we are debt and will be moving eith purpose now...remember what majid did to his previous company.struggling company .he turned it around and sold it for a massive profit for sgare holders.difference here is we are a cash rich company and his big contacts in the fiance world.things are looking upwards.

Add your dad to our list as well mr.wolf.

Add your dad to our list as well mr.wolf.

Yes — before Majid Shafiq took over, i3 Energy was struggling to establish itself commercially.

Originally, i3 was mainly a small North Sea exploration company focused on projects like the Serenity oil discovery. It had limited production, relied heavily on capital markets funding, and faced repeated delays and funding challenges developing its UK assets. Like many junior AIM-listed explorers, i3 was sold at a premium...

Lol the thanks for the reply Kyle75 Thank god.you are well and your normal self

Let's see what soundenergy has to offer to them.have to really good or else answer can be no.

I believe they will agree moving forward..

Mostly importantly Kyle75 has not posted a lot about this managan deal.which leads me to believe ITS A GOOD MOVE by soundenergy taking everything into consideration.

HyMaroc) will do next

From the latest company updates, the sequence is already quite defined:

1) Finalise “high-potential zones”

The Morocco-wide screening has already been completed and:

several promising hydrogen & helium zones were identified

now they refine these into specific target areas (prospect ranking)

👉 This is where Sidi Moktar could be assessed alongside other basins

2) Secure exploration licences (key next step)

HyMaroc’s main job now is:

negotiate with Moroccan authorities (ONHYM / state)

apply for exclusive hydrogen & helium exploration permits

convert “interesting geology” into legal exploration acreage

👉 This is the biggest near-term milestone

3) Decide where to actually focus work

Once licences are granted (or existing ones used), they will choose:

which basins to prioritise first

which areas are worth geophysics / soil gas sampling

which areas are too weak and dropped

👉 Not everything evaluated will be pursued

4) Run ground-level technical work

Only after securing the right areas:

soil gas surveys (hydrogen/helium detection at surface)

gravity & magnetic surveys

reinterpretation of seismic (e.g. Sidi Moktar if relevant)

integration of old well data

👉 This is where “real signals” start to appear

5) High-grading → drilling decision (much later)

If results are strong:

select drill targets

bring in funding/partners

plan exploratory wells

👉 This is the step that can materially re-rate the company

📌 Where Sidi Moktar fits in this

From what Sound Energy has disclosed:

Sidi Moktar is still part of their legacy exploration portfolio

they planned further seismic / reinterpretation work

it could be re-evaluated under the hydrogen/helium model

So realistically: 👉 it sits in the “data-rich but not yet prioritised” category

It only becomes important if:

HyMaroc includes it in licence applications OR

Getech’s modelling ranks it as a top hydrogen/helium target

If you're down loads do not sell..its best to hold on and hope majid pulls it around ...let's hope there's some good news on Friday.

Just really thinking outside the box and trying to get my head around the managan deal...

IF and its a big if.soundenergy have found some one who willing to farm in sidi moktar.then I believe its a great move.

Let them get on with sidi and we can use the money from managan to fully focus on renewables...its just a thought.

Soundenergy will rise again..shafiq majid has done it before with a distressed company.he will do it again...

Good move by him.carry on and managan would have bankrupted us...

We are back in control.get solarvup and running. Buy a producing company..perhaps a merger.game on ..yes it hurts. We didn't know what managan was doing to soundenrrgy....only time will tell.