Tunisia: Zenith Energy announces extension of SPA for acquisition of SLK from CNPC
17 Mar 2021
Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has announced that its wholly owned subsidiary
Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement ('SPA') it signed with
CNPC International (Tunisia),
North Kairouan permit and the
Sidi El Kilani Concession, which includes the
Sidi El Kilani oilfield ('SLK'). For reference, signing of the SPA was announced to the market on
CNPCI holds an undivided 22.5% interest in the Tunisian Acquisition, together with 25 Class B shares in Compagnie Tuniso-Koweito-Chinoise de Pétrole (CTKCP), the operator, representing 25% of the issued share capital of the company.