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Zenith has conditionally acquired a cumulative 45% working interest in the North Kairouan permit and the Sidi El Kilani Concession, having signed conditional purchase agreements with KUFPEC (Kuwait Foreign Petroleum Exploration Company K.S.C.C), a subsidiary of the State of Kuwait’s national oil company, and CNPC International (Tunisia) Ltd ...
Jun 10, 2021 Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has announced that it is in the process of finalising plans to commence drilling activities in the recently acquired Robbana concession, onshore Tunisia. Drilling of Robbana-3 well (‘ROB-3’) The Company intends to drill ROB-3, an infill vertical well, in the…
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naturalgasworld.com - Zenith Energy has closed a deal with fellow Canadian explorer Candax Energy to buy two concessions in Tunisia, the company reported on May 12. Zenith …
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May 12, 2021 May 12, 2021, by Bojan Lepic. Canadian oil and gas company Zenith Energy has completed the acquisition of Candax Energy’s Barbados-based subsidiary Ecumed Petroleum Tunisia and with it two licenses in the African nation. Through the acquisition, Zenith Energy now holds a 100 per cent interest in the El Bibane and Robbana concessions.
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May 26, 2021 Zenith Secures Loan for Tunisia Ops. Wednesday, May 26, 2021. Zenith Energy announced that it has entered into a loan agreement with Winance, a Dubai registered single-family office for a total amount of EUR 2.1 million. The Loan Agreement has a duration of six months and does not attract interest. An upfront arrangement fee, equal to 5 percent ...
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Apr 20, 2020 Zenith Energy has announced that its newly created wholly owned subsidiary Zenith Energy Netherlands has signed a conditional sale and purchase agreement (‘SPA’) with KUFPEC (Tunisia), a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company, a subsidiary of the State of Kuwait’s national oil company, for the acquisition of a working interest in, inter alia,…
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