Commencement of ROB-1 workover, Tunisia

RNS Number : 7609K

Zenith Energy Ltd

06 September 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

September 6, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Commencement of ROB-1 workover, Tunisia 

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.

Further Information:

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

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 oil & gas sector, specifically in Africa.

 

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