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Zenith Energy completes acquisition of El Bibane and Robbana concessions


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Zenith Energy Ltd. has announced that Compagnie Du Desert Ltd (CDD), its fully owned subsidiary, has now completed the acquisition of a 100% interest in the fully owned subsidiary of Candax Energy Limited (Candax) in Barbados, Ecumed Petroleum Tunisia Ltd (EPT), which holds a 100% interest in the El Bibane and Robbana concessions in Tunisia.
Pursuant to the terms of the SPA, CDD acquired 100% of the issued share capital of EPT for a nominal consideration of US$100 payable at completion, as well as an additional consideration of approximately US$200 000 in the form of assumption of debt payable by the end of May 2021. ....

El Bibane , Andrea Cattaneo , Oilfield Technology , Compagnie Du Desert Ltd , Zenith Energy Ltd , Ecumed Petroleum Tunisia Ltd , Candax Energy Limited , Zenith Energy , L Bibane Concession , Obbana Concession , Oil And Gas , Onshore Energy , ஆண்ட்ரியா சட்டநெவ் , எண்ணெய் வயல் தொழில்நுட்பம் , உச்சம் ஆற்றல் லிமிடெட் , உச்சம் ஆற்றல் ,