Zenith Energy, international oil & gas production company focused on pursuing African development opportunities announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Fleet is headquartered in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the CA is to jointly identity and pursue oil and gas production and exploration acquisitions in the Mediterranean, the Middle East and Africa.
Under the terms of the CA, Zenith and Fleet (collectively, the Parties ) will jointly identify certain potential acquisition opportunities ( Potential Acquisitions ) and conduct due diligence on any transaction that is deemed to be a suitable potential acquisition. In the event a Potential Acquisition is mutually approved and taken forward following the completion of a satisfactory due diligence exercise, the Parties h
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Zenith lands Tilapia, eyes SNPC collection
Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.
Zenith Energy
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Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.
Congo Brazzaville has confirmed that Zenith Energy Congo is the successful bidder for a new 25-year licence on the Tilapia oilfield. The Ministry of Hydrocarbons will carry out an inquiry in January, following which Zenith expects to receive the licence.
23 December 2020 | 10:30am
StockMarketWire.com - Oil company Zenith Energy said it had won a 25-year licence to operate the Tilapia oilfield in the Republic of the Congo.
The company had made a bid in July. Zenith said the award was subject to completion of an inquiry of public utility, to be organised during January, as well as subsequent finalisation of a production sharing contract.
Zenith would operate the Tilapia II licence in partnership with Congo s national oil company. The company is now positioned to benefit from a potentially transformational asset with highly prospective development and exploration potential in a prolific hydrocarbon basin, chief executive Andrea Cattaneo said.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;