Zenith Energy Ltd

RNS Number : 9172T

Gunsynd PLC

11 January 2017

 

Gunsynd plc

("Gunsynd" or the "Company") 

Zenith Energy Ltd 

Further to the announcement made by the Company on 10^th January 2017, the Board of Gunsynd (AIM: GUN, ISDX: GUN) is pleased to note the successful listing today of Zenith Energy Ltd ("Zenith") onto the standard listing segment of the Official List on the London Stock Exchange's under the ticker symbol "ZEN" ("Listing").

Zenith is a Canadian oil & gas exploration and production company and is also listed on the TSX Venture Exchange with the ticker ZEE.

Zenith operates onshore oil fields in Azerbaijan through its fully owned subsidiary, has oil fields in Argentina and significant gas producing assets in Italy.  The Company's Italian operations also include the production of electricity and condensate.

The Company's total investment in Zenith, at cost, is now approximately £524,000.

Commenting on Zenith's Listing, Hamish Harris, executive Chairman of the Company, said:

"We are very pleased with the performance so far of our investment and eagerly look forward to more news from Zenith in the future, particularly with respect to its Azerbaijan asset which we believe to contain significant potential in terms of near and medium term production."

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc:

[phone]

Hamish Harris

Nominated Adviser/NEX Exchange Corporate Adviser:

[phone]

Cairn Financial Advisers LLP

James Caithie / Liam Murray 

Peterhouse Corporate Finance (Joint Broker)

[phone]

Lucy Williams 

 

END

 

 

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