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IN BRIEF: Zenith Energy extends Kufpec deal completion date to October

25th Jun 2021 17:26

Zenith Energy Ltd - Calgary, Canada-based oil & gas company - Says its subsidiary Zenith Energy Netherlands BV has signed an extension agreement of the longstop date in respect of a participation in the North Kairouan permit and the Sidi El Kilani concession in Tunisia. The agreement was signed with Kufpec Tunisia Ltd. This agreement remains conditional on a favourable opinion being granted by the Comite Consultatif des Hydrocarbures of the Republic of Tunisia and the approval of the Tunisian State represented by the Ministry of Industry & Energy in respect of the transfer of Kufpec's right, title and interest to Zenith Netherlands. The new longstop date for completion of the agreement is October 31.

Current stock price: 0.86 pence

Year-to-date change: down 35%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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