Mobilisation of workover rig to ROB-1 in Tunisia

RNS Number : 0172E

Zenith Energy Ltd

08 March 2022

 

March 8, 2022    

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Mobilisation of workover rig to ROB-1 in Tunisia

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA),   the listed international energy production and development company, announces that a workover rig will shortly be mobilised to the Robbana concession (onshore Tunisia) to commence operations in well Robanna-1 ("ROB-1").

The workover rig will re-enter ROB-1 and pull the tubing string out of hole. A specialised Schlumberger wireline unit will subsequently perform logging operations to confirm casing integrity and, in the event of casing damage being identified, perform the necessary repair work.

Andrea Cattaneo , Chief Executive Officer of Zenith, commented:

"We are cautiously optimistic that we shall successfully achieve sustained daily oil production from ROB-1.

As shown by this well intervention and the upcoming drilling of ROB-3, the Robbana concession is one of our primary areas of operational focus, following an in-depth geological and reservoir review performed by our Tunisian team. 

All additional production to be obtained from ROB-1 will further increase Zenith's record revenue generation and associated profitability in the current energy pricing climate."

Further Information: 

Zenith Energy Ltd    Andrea Cattaneo, Chief Executive Officer	Tel: [phone] E:    [e-mail]
Allenby Capital Limited - Financial Adviser   Nick Harriss Nick Athanas	Tel: + 44 (0) 203 328 5656
Alternative Resource Capital - Broker    Alex Wood Keith Dowsing	Tel: [phone] Tel: + 44 (0) 207 186 9005
Celicourt Communications (Financial PR)    Mark Antelme  Jimmy Lea	Tel: [phone] E:    [e-mail]

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 complete value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.

Follow us on LinkedIn: https://www.linkedin.com/company/zenith-energy-limited/

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

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