Oil & gas company Zenith Energy set to commence drilling activities in Robbana concession

TUNISIA – Zenith Energy, an oil & gas production company, has announced that it is in the process of finalising plans to commence drilling activities in the recently acquired Robbana concession, onshore Tunisia. The Company intends to drill ROB-3, an infill vertical well, in the proximity of the producing Robbana-1 well (ROB-1), to a total depth of approximately 2,400 metres. ROB-3 will target two proven hydrocarbon-bearing reservoirs in the Cretaceous Upper Meloussi sandstone formation, from which successful production has been achieved from ROB-1 for many years. A production of approximately…

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Zenith Energy set to acquire oil production and development assets in Tunisia

TUNISIA – Zenith Energy, an oil & gas production company, has announced it has made a binding offer to wholly acquire a company holding a 100% interest in two hydrocarbons production and development concessions in Tunisia, which has now been accepted. The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration of approximately US$200,000. The Potential Acquisitions currently produce approximately 80-100 barrels of condensate per day with 5.5-6 MMSCF of natural gas, which is re-injected into the formation, from the…

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Zenith Energy acquires Candax Energy shares in Ecumed Petroleum

TUNISIA – Zenith Energy, an international oil & gas production company, has announced that its newly incorporated fully owned subsidiary, Zenith Energy Africa Limited (ZEAL), has entered an agreement to buy Candax Energy Ltd’s unit Ecumed Petroleum Zarzis Ltd for US$150,000. Ecumed holds a 45% interest in the Ezzaouia concession oilfield asset in Tunisia. The oil & gas company with production, exploration and development assets in Africa and Italy said an additional US$100,000 will be satisfied through the issue of Zenith shares. A royalty of US$0.35 per barrel of hydrocarbons…

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Zenith Energy partners Fleet Oil & Gas to pursue oil and gas production and exploration

MENA – Zenith Energy, an international oil & gas production company focused on pursuing African development opportunities, has announced that it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer. Fleet is headquartered in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the CA is to jointly identity and pursue oil and gas production and exploration acquisitions in the Mediterranean, the Middle…

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