RE: New asset25 Nov 2021 10:18
Indeed, but that doesn't answer the question.
"Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has agreed an international crude oil lifting, scheduled to take place during the month of July 2021, of approximately 68,000 barrels net to Zenith (including approximately 20,000 barrels of domestic market sales) for total receivables of approximately US$4.5 million."
'20,000 barrels of domestic market sales', what happens to these?
Do they wait for the lift and then get transported via tanker to the refinery and then get transported back? Or is there another mechanism for these to be collected without ever going on the tanker?
I appreciate this uses the word 'including' but that could simply be that the value is being included in the total, not necessarily that the oil is included on the tanker.