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Investegate |Zenith Energy Ltd Announcements | Zenith Energy Ltd: Extension of KUFPEC acquisition & coupon payments investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Zenith s bid for Tunisian concessions accepted Apr 21, 2021 6:50:am Summary by: Joseph Murphy Posted in: 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. ....
Zenith Energy Ltd (LSE:ZEN) | RNS | Zenith Energy Ltd - Extension of SPA for SLK acquisition from KUFPEC proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Tunisia: Zenith Energy announces extension of SPA for acquisition of SLK from KUFPEC 08 Apr 2021 Zenith Energy has announced that its wholly owned subsidiary Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement ( SPA ) it signed with KUFPEC for a participation in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession, which includes the Sidi El Kilani oilfield ( SLK ). For reference, signing of the SPA was announced to the market on April 20, 2020. KUFPEC holds an undivided 22.5% interest in the Tunisian Acquisition, together with 25 Class B shares in Compagnie Tuniso-Koweito-Chinoise de Pétrole (CTKCP), the operator, representing 25% of the issued share capital of the company. ....
Zenith Energy, the international oil & gas production company focused on pursuing African development opportunities announced its wholly owned subsidiary Zenith Netherlands, signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC Tunisia, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait s national oil company, for a participation in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession (the Tunisian Acquisition), which includes the Sidi El Kilani oilfield (SLK). KUFPEC holds an undivided 22.5% interest in the Tunisian Acquisition, together with 25 Class B shares in Compagnie Tuniso-Koweito-Chinoise de Pétrole (CTKCP), the operator, representing 25% of the issued share capital of the company. ....