Interim Update on Workover of Well M-195

RNS Number : 5493Y

Zenith Energy Ltd

06 March 2017

 

INTERIM UPDATE ON WORKOVER OF WELL M-195

Calgary, Alberta, March 6, 2017, Zenith Energy Ltd. ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE), the international oil and gas production company, is pleased to announce that the workover of Well M-195 is progressing at the Company's Muradkhanli field in Azerbaijan. 

Casing obstructions at 2,780 and 2,970 metres were successfully resolved in the last two weeks and the top of the production liner screen section was reached at 3,014 metres. Below the liner screen section, which is approximately 12 metres long (3,014-3,026 m), the well was completed open-hole for 43 metres to a total depth of 3,069 metres.

A restriction was encountered at the top of the screen section and the Company is waiting for additional equipment to be sent from Baku within the next week in order to eliminate the problem and reach the open-hole section.

Zenith is pleased with the performance of workover Team B and will provide a final update when the workover of Well M-195 is completed.

For further information, please contact:

José Ramón López-Portillo                 Chairman

Andrea Cattaneo                                CEO & President

Email: [e-mail]

Telephone:  [phone]

Telefax:      [phone]

 

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