Zenith s bid for Tunisian concessions accepted
Apr 21, 2021 6:50:am
Summary
by: Joseph Murphy
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Zenith s bid for Tunisian concessions accepted
London-listed junior Zenith Energy has made a binding offer to buy a company with 100% interests in two unidentified producing assets in Tunisia, it said in a stock filing on April 21.
The first of the assets produces 80-100 barrels of condensate/day and 5.5-6.0mn ft
3/d of natural gas, which is currently re-injected into the formation. One of its wells has suffered tubing string damage and has been temporarily shut-in, but previously produced around 500-600 b/d of oil. Low oil prices and the expense required have prevented the needed repair work from taking place.
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