March RNS20 Apr 2020 12:44
To access the $2m funding at 2.5p AC needs to complete the Tunisia deal and also :
ยท Final stage negotiations with a national authority in West Africa for an oil production asset, formerly operated by a major international oil company, which last produced at a rate in excess of 1,000 barrels of oil per day. Zenith is pleased to confirm that negotiations have now been extended to also include the possible acquisition of a second asset, operated by an international oil major, currently producing 600 barrels of oil per day. The Company believes that the potential acquisition of the aforementioned assets represents a significant opportunity to materially increase Zenith's near-term oil production and, in turn, achieve sizeable revenue generation upside.
More news to come very soon imho.
GL.