Zenith Energy

Zenith Energy Ltd. is an international energy company headquartered in Vancouver, Canada.[1] The company is listed on the London Stock Exchange (LSE: ZEN) and the Oslo Stock Exchange (OSE: ZENA).[2][3] The company is active in Tunisia, Italy and the Republic of the Congo.

Zenith Energy
TypePublic
LSE: ZEN
ISINCA98936C1068
IndustryEnergy
FoundedJune 22, 2007 (2007-06-22)
FounderAndrea Cattaneo
HeadquartersVancouver, British Columbia, Canada
Key people
  • Andrea Cattaneo (CEO)
  • Luca Benedetto (CFO)
  • Increase US$2,6 million (2021)
  • -US$0,42 million (2020)
SubsidiariesZenith Energy Congo SA
Websitehttps://www.zenithenergy.ca/

History

Zenith Energy was incorporated in Vancouver, Canada in the year 2007 by Andrea Cattaneo.[4][5]

Current Operations

The company is active in Tunisia, Italy and the Republic of the Congo. It owns and operates a 1,200 hp drilling rig and a workover rig.[6]

Tunisia

In 2021, Zenith Energy acquired a working interest in the producing Ezzauoia, El Bibane and Robbana concessions.[7] Its current onshore portfolio in Tunisia produces a net of approximately 650 bopd, and the company says it is aiming to reach 1000 bopd in the near future.[7] As of June 8, 2022, the company has restarted the operation of onshore well ROB-1. Production at this well had been suspended due to water influx as a result of poor construction in 1988.[8]

Republic of the Congo

Zenith Energy purchased 100% of Anglo African Oil & Gas Congo S.A.U. ("AAOG Congo") on May 5, 2020.[7] Until the expiry of their license on July 18, 2020, the company operated the "Tilapia I" field. In 2021, the company received $128,000 from a subsidiary of Societe Nationale des Petroles du Congo (SNPC) for past oil production from the Tilapia I license.[9] On December 23, 2020, the Ministry of Hydrocarbons of the Republic of the Congo confirmed that they were the winning bidder for "Tilapia II", a new 25 year license for the same field.

Italy

The company holds six onshore natural gas production concessions in Italy, from which it sold 12,713 mcf in 2021.[7][10]

Benin

The company recently presented an offer for a 9-year license for the operation of Block-1 the Sèmè oilfield, the largest field in the country.[11]

References
  1. "About". Zenith Energy Ltd. Retrieved 2023-02-10.
  2. "London Stock Exchange | London Stock Exchange". www.londonstockexchange.com. Retrieved 2023-02-10.
  3. "ZENITH ENERGY NOK 0.094 | Euronext exchange Live quotes". live.euronext.com. Retrieved 2023-02-10.
  4. "Zenith Energy (CA) Share Price - LON:ZEN Stock Research". Stockopedia. Retrieved 2023-02-10.
  5. "Our Team". Zenith Energy Ltd. Retrieved 2023-02-10.
  6. "Zenith Energy - The Energy Year". 2021-11-03. Retrieved 2023-02-10.
  7. Energy, Zenith (March 31, 2021). "Zenith Energy Ltd. Annual Report and Financial Statements" (PDF) – via annualreports. {{cite journal}}: Cite journal requires |journal= (help)
  8. "Tunisia: Zenith Energy to restart ROB-1 oil well on June 8". African Manager. 2022-06-02. Retrieved 2023-02-10.
  9. "IN BRIEF: Zenith Energy gets payment for oil production in Congo". MorningstarUK. Retrieved 2023-02-10.
  10. News, Alliance (2022-12-02). "Zenith Energy progresses Italian concessions on bureaucratic approval". MorningstarUK. Retrieved 2023-02-10. {{cite web}}: |last= has generic name (help)
  11. "Zenith Energy submits offer for biggest oilfield in Benin". intellinews.com. 2022-09-26. Retrieved 2023-02-10.
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