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Tunisia: Zenith Energy announces extension of SPA for acquisition of SLK from KUFPEC
08 Apr 2021
Zenith Energy 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
KUFPEC for a participation in, inter alia, the
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 April 20, 2020.
KUFPEC 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.
Zenith Energy, the international oil & gas production company focused on pursuing African development opportunities announced its wholly owned subsidiary Zenith Netherlands, signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC Tunisia, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait s national oil company, for a participation in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession (the Tunisian Acquisition), which includes the Sidi El Kilani oilfield (SLK).
KUFPEC 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.
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.
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