Receipt of payment from SNPC subsidiary in Congo

RNS Number : 2467J

Zenith Energy Ltd

20 August 2021

 

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

August 20, 2021                                                                                                                    

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Receipt of payment from SNPC subsidiary in Congo

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   that one of its fully owned subsidiaries in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U. ("AAOG Congo"), has received a payment for an amount of approximately US$128,000, in respect of past oil production produced during the now expired Tilapia I licence by AAOG Congo from Congolaise de Raffinage ("CORAF"), a subsidiary of the national oil company of the Republic of the Congo, Société Nationale des Pétroles du Congo ("SNPC").

The Company is pleased to have received this payment which it views as clear evidence of the Company's ability to successfully monetise receivables it is owed in Republic of the Congo.

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.

 

END

 

 

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