Latest Breaking News On - ஆண்ட்ரியா சட்டநெவ் - Page 7 : comparemela.com

Zenith Energy, an international oil & gas production company focused on pursuing African development opportunities, announced that Zenith Energy Africa Limited (ZEAL), its newly incorporated fully owned subsidiary, has entered into a share purchase agreement (SPA) with Candax Energy for the acquisition of a 100% interest in Candax s fully owned subsidiary in Barbados, Ecumed Petroleum Zarzis (EPZ) (the Acquisition), which holds a 45% interest in the Ezzaouia Concession, Tunisia. Pursuant to the terms of the SPA, ZEAL has agreed to acquire 100% of the issued share capital of EPZ for the aggregate amount of $150,000 payable at completion, as well an additional $100,000 to be satisfied by the issue of ordinary shares in the share capital of Zenith to be issued within sixty days of completion (Consideration Shares) and a royalty payable and calculated as $0.35 per each barrel of hydrocarbons produced from the Ezzaouia oilfield and allocable to EPZ, with the royalty not being less than a

Gulf of gabesEntreprise tunisienneAndrea cattaneoNational instrumentSmall medium enterprisesZenith energyZenith energy africa limitedMinistry of industryEcumed petroleum zarzisMarathon petroleum corporationCandax energyPie kamauEzzaouia concessionConsideration sharesLower cretaceousUpper jurassic