Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Completes private placement in Norway and a debt settlement. Notes participation of Chief Executive Officer Andrea Cattaneo, Chief Financial Officer Luca Benedetto and Non-Executive Director Sergey Borovskiy. Raises approximately GBP2.9 million through issuing 30.3 million shares at NOK1.34, about 0.095 pence. Says this represents a 22% discount to closing price on Euronext Growth Oslo on Friday. Says the proceeds will be used for working capital purposes and any potential funding needs in relation to its international legal arbitrations against the Republic of Tunisia. Says that following admission of the shares Cattaneo, Benedetto and Borovskiy will own 11%, 3.1% and 1.3% of firm's share capital respectively. Read More
(Alliance News) - London's FTSE 100 underperformed against European peers in a quiet final Friday of the year, as eyes were on fashion retailers in the wake of the Christmas period. Read More
(Alliance News) - Zenith Energy Ltd on Friday saw shares rise after the company reported a "favourable" decision in an ongoing lawsuit against the Tunisian government. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Zenith Energy Ltd on Friday confirmed that its fully-owned subsidiary Anglo African Oil & Gas Congo SAU has received payment of approximately EUR30,000 following legal action against SMP Energies. Read More
Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Announces payment of outstanding notes relating to bond offer announced in January. This attracted significant support and investor participation. Zenith says the remaining outstanding notes will be paid as follows: September 25, in the amount of 20% of the remaining outstanding notes, and October 25, payment of the balance of the remaining outstanding notes and accrued interest. Read More
Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Says output from Robbana and El Bibane concessions in Tunisia has been irregular due to salary payment delays resulting from non-payment of past production as well as "unexplained obstructions in facilitating crude oil liftings from the Tunisian authorities". Says its working to ensure full payment of salaries and expects to resume full production by August 19 at combined rate of 90 barrels of oil per day. Confirms international lifting of crude oil to take place by end of October. Has 11,500 barrels of crude oil in stock. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Zenith Energy Ltd - Oil and gas company focused on assets in Africa and Italy - Acquires an additional 10% interest in the Sant'Andrea onshore concession from Petrorep Italiana SRL. The concession covers around 164 square kilometres and is located in north-eastern Italy. After completion, Zenith's interest in Sant'Andrea will increase to 50%. The company intends to reactivate production at Sant'Andrea's S. Antonio-1 well, and expects initial production to reach 1,500 cubic metres of natural gas per day. Under the terms of the deal, Petrorep has paid Zenith's Italian subsidiary EUR248,000 to cover its share of future abandonment and plugging costs. Read More
Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Completes private placement in the UK and Norway. Raises GBP1.3 million in total, resulting in the issue of 37.9 million shares. Shares are priced at GBP0.03 for the UK financing and NOK0.42 for Norwegian financing. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Swings to a pretax loss of CAD1.9 million, or GBP1.1 million in the six months ended September 30 from CAD259,000 profit a year prior. Read More
(Alliance News) - Zenith Energy Ltd shares jumped up on Wednesday after it announced a formal claim for USD85.8 million in damages from the Republic of Tunisia over a blocked acquisition. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Zenith Energy Ltd on Wednesday hailed an International Chamber of Commerce appointed arbitral tribunal which rejected the Tunisian national oil company's request to include Tunisia as co-defendant in claims against it. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More