(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday, and not separately reported by Alliance News: Read More
Zenith Energy Ltd - Africa and Italy-focused oil and gas company - Updates on the legal claim of its fully owned subsidiary, Anglo African Oil & Gas Congo SAU, against SMP Energies. SMP Energies is the rig contractor that performed drilling services in wells TLP-103 and TLP-103C of the Tilapia oilfield in the Republic of the Congo during 2018 to 2019. It was ordered to pay EUR30,000 to AAOGC as damages for its "abusive procedural behaviour". Explains that SMP failed to pay the damages payment to AAOGC and consequently the Paris Commercial Court seized the amount of damages from an SMP bank account in France. Read More
Zenith Energy Ltd - Calgary, Canada-based energy firm - Signs a third memorandum of understanding with a company incorporated in Kazakhstan to evaluate the potential acquisition of an oil production and development asset. Explains the seller holds a 100% interest in the asset located in the Atyrau region. Notes the acquisition target formerly produced from wells drilled in 2008 at a rate of approximately 200 barrels of oil per day prior to the onset of the Covid-19 pandemic. Production is currently suspended. The purpose of the MOU is to formalise a framework whereby Zenith's interest may be completed subject to the completion of a rigorous technical and financial due diligence. According to the terms of the MOU, commercial terms, if agreed, are to be formalised by way of a share purchase agreement on or before November 30. Read More
(Alliance News) - Zenith Energy Ltd on Friday said it has signed a second memorandum of understanding with an unnamed company in Kazakhstan to explore the potential of buying two oil development assets in the Kyzylorda region. Read More
(Alliance News) - Zenith Energy Ltd on Monday said it signed an accord with an Kazakh-incorporated firm, entitling Zenith a period of exclusivity of 90 days to evaluate a potential acquisition. Read More
(Alliance News) - Zenith Energy on Tuesday said it has acquired Cyber Apps World Inc via a securities purchase agreement with Janbella Group LLC. Read More
Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Decides to end negotiations with the Benin Ministry of Water and Mines for the finalisation of a production sharing contract for Block 1, which contains the Seme oilfield, offshore Benin. Says the board took this decision following a "comprehensive evaluation of recent geopolitical developments in the vicinity of Benin". This is alongside the "significant long-term investment required to successfully develop the Seme oilfield, and the material progress made in other jurisdictions where Zenith now intends to maximise its technical and financial resources with comparatively reduced risk for the company's shareholders". Read More
Zenith Energy Ltd - Calgary, Canada-based energy company with assets in Africa, Europe and the Middle East - Signs accord for acquisition of interest in Texas oil & gas acreage for around USD50,000. Says seller owns 100% gross working interest, 75% net revenue interest in 320 acres in a oil and gas lease of around 320 acres from surface down to a depth of approximately 800 metres, located in the east half of section 14, block 50 at University Lands in Crockett County, Texas. The seller will retain a carried GW of 10% of all drilling and completion work necessary for the first two wells to be drilled. Confirms its intention to operate the property and conduct oil and gas extraction and exploration activities. The seller has agreed to pay "its proportionate share of all subsequent drilling and completion work to be performed, as well as its share of ongoing operating costs, including workovers". Read More
Zenith Energy Ltd - Calgary, Canada-based energy company with assets in Africa, Europe and the Middle East - Says it recently made coupon payments, in respect of four multi-currency euro medium term notes, in full and on time. Company had issued the notes on the Vienna MTF. Notes were in Swiss francs, euros, US dollars and Great British pounds. 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) - Zenith Energy Ltd on Monday said it successfully obtained a "conservative seizure" for an amount equivalent to approximately USD6.5 million deposited in a bank account in Switzerland. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Zenith Energy Ltd - Africa, Middle East and Europe-focused energy production and development company - On Monday, says its fully owned subsidiary Anglo African Oil & Gas Congo SAU has been awarded a payment of compensatory damages by the Paris Commercial Court in its claim against SMP Energies, the rig contractor that performed drilling services in wells TLP-103 and TLP-103C of the Tilapia oilfield during 2018 to 2019. SMP Energies is ordered to pay EUR30,000 to Anglo African. Read More
Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Signs memorandum of understanding with the Minsitry of Petroleum in South Sudan for a licence negotiation. Says this relates to the acquisition and development of oil and gas production licences. Read More
(Alliance News) - Zenith Energy Ltd on Tuesday said it filed legal proceedings against Tunisia, accusing the government of harming the commercial interests of investors in the country. Read More
Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Signs deal with Stateside Energy LLC to buy a portfolio of oil production and development licences in Oklahoma, as well as certain other states in the US. Says under the deal, Zenith will incorporate a wholly owned special purpose vehicle in the US for the purpose of acquiring oil wells and licence blocks, called Newco. Says Stateside agrees to sell its oil production wells to Newco, subject to the completion of a satisfactory due diligence by Zenith for a nominal consideration. Read More
(Alliance News) - Zenith Energy Ltd shares were up on Friday, after it said it plans to buy in the US. 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) - Zenith Energy Ltd on Tuesday provided an update on its electricity production at the Torrente Cigno concession in Italy for February and January. Read More
(Alliance News) - Zenith Energy Ltd on Tuesday said it had completed a GBP2.3 million fundraising in the UK and Norway. Read More