RE: Much wow15 Jun 2022 02:17
This was the best bit of the RNS for me; Hidden in plain sight:
"Beyond Torrente Cigno, our Italian portfolio presents several exciting development opportunities, and we hope to deliver news on this front during the year once we receive the necessary approvals to develop our other natural gas production concessions."
Contrast this to the company website:
"Zenith’s Italian energy production interests hold significant potential for development and increased energy production. The development programme is primarily concentrated on the Torrente Cigno concession, where the Company is finalising a plan to drill a development well, to be named MV-2, to explore the updip structure of the Miocenic and Cretaceous carbonates formations"
The RNS statement was not about MV-2(at Torrente Cigno) but other ' development opportunities' in the 'Italian portfolio', and 'several' of them at that.
GLA DYOR