Zenith Energy Ltd shares jumped up on Wednesday after it announced a formal claim for USD85.8 million in damages from the Republic of Tunisia over a blocked acquisition.
Shares in Zenith were trading.
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Zenith Energy has entered into a share purchase agreement for the acquisition of Canadian North Africa Oil & Gas ( CNAOG ). CNAOG holds an undivided 22.5% interest in the North Kairouan permit and the Sidi El Kilani Concession in Tunisia.