Regulatory Filings • Sep 6, 2021
Regulatory Filings
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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 the commencement of workover activities in well Robbana-1 ("ROB-1") in the Robbana concession, onshore Tunisia.
Prior to the beginning of workover operations, ROB-1 produced at a stabilised rate of approximately 20 bopd, with the last well intervention having taken place in 2012.
In the event of a successful workover, the Company is targeting to achieve an increased stabilised production rate of approximately 60-80 bopd.
The workover of ROB-1 is expected to be completed in approximately 25 days. An update will be provided once workover operations have been concluded.
| 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 |
The information included in this announcement is defined as inside information pursuant to MAR article 7 and is publicly disclosed in accordance with MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. The announcement is made by the contact person.
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 oil & gas sector, specifically in Africa.
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