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Zenith Energy Earnings Release 2024

Dec 29, 2020

8200_iss_2020-12-29_b538fa5d-f3f7-4222-a371-6e04286c494e.pdf

Earnings Release

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ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment for oil production

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 SOCAR has made a final payment of approximately US\$480,000 to its local subsidiary in Azerbaijan for past oil production.

Further Information:

Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
	E-mail: [email protected]
Allenby Capital Limited - Financial Adviser & Broker
Nick Harriss	Tel: + 44 (0) 203 328 5656
Nick Athanas

Notes to Editors:

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector, specifically in Africa. The Company's board of directors and senior management team have the experience and technical expertise to develop the Company successfully.