LONDON, UK: Zenith Energy, a Canadian oil and gas company, has announced a deal to buy 50% of Devonian Petroleum Limited, a UK-based private oil company with exploration rights in Kazakhstan, for about $5 million. Devonian owns 99% of DP Energy, a local subsidiary that holds a joint exploration and production contract for the Akkudukski…
All posts tagged Zenith Energy
Zenith Energy signs second MOU for oil development assets in Kazakhstan
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has signed a second MOU (memorandum of understanding) with a company incorporated in Kazakhstan to evaluate the potential acquisition of two oil development assets. The Seller holds a 100% interest in the two contiguous oil development assets located in…
Zenith secures 90-day exclusivity to evaluate acquisition of oil assets in Kazakhstan
OSLO, NORWAY: Zenith Energy (OSE: ZENA), the international energy production and development company, has signed an MOU with a company incorporated in Kazakhstan securing a period of exclusivity for a duration of ninety days to evaluate a potential acquisition. The seller in Kazakhstan holds a 100% interest in an oil production asset located in the…
Zenith Energy signs MOU to acquire oil and gas lease in Texas
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has announced that it has signed a binding memorandum of understanding (MOU) with Jala Capital Investments, LLC, a company incorporated in the State of Texas, to acquire a 90% interest in an oil and gas lease in Crockett County,…
Zenith Energy expands its US presence with Stateside Energy LLC deal
LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production company with assets in Africa and Europe, has announced that it has entered into an agreement with Stateside Energy LLC, an Oklahoma-based oil and gas operator, to acquire and operate a portfolio of oil production and development licences in Oklahoma, as well…
Zenith acquires Canadian North Africa Oil & Gas Ltd. for $1.65mn
LONDON, UK: Zenith Energy (LON: ZEN) announced that Zenith Overseas Assets Holdings, its fully owned subsidiary, has entered into a share purchase agreement for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia)…
Zenith makes binding offer to acquire oil production and development assets in Tunisia
LONDON: Zenith Energy Ltd. has made a binding offer to wholly acquire a company holding a 100% interest in two oil and gas production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration…
Zenith signs extension of SPA for SLK acquisition from KUFPEC
LONDON: Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC (Tunisia) Limited (KUFPEC), 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…
Zenith Energy notifies successful completion of IPU in Congo
LONDON: Zenith Energy Ltd. has received formal confirmation regarding the successful completion of the Inquiry of Public Utility (Enquête d’Utilité Publique) (IPU), following an in-depth technical and financial review, performed by the Ministry of Hydrocarbons of the Republic of the Congo during the month of January 2021. As announced on December 23, 2020, the Company…
Zenith Energy, Fleet Oil & Gas sign cooperation agreement for new acquisitions in MENA region
OSLO: Zenith Energy Ltd. has entered into a cooperation agreement with Fleet Oil & Gas S.A., 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…
Zenith Energy signs conditional agreement to acquire Sidi El Kilani from CNPC
LONDON: Zenith Energy Netherlands B.V. has signed a conditional sale and purchase agreement with CNPC International (Tunisia) Ltd., a 100% subsidiary of CNPCI, CNPC International Ltd., for the acquisition of a working interest inthe North Kairouan permit and the Sidi El Kilani Concession, which contains the Sidi El Kilani oilfield (SLK). The consideration payable by…
BCRA assigns Zenith Energy “B-” with stable outlook credit rating
OSLO: Zenith Energy Ltd., the listed international oil & gas production company, announced that BCRA Credit Rating Agency AD (BCRA) has assigned Zenith a “B-“ with stable outlook long-term debt issuer credit rating. BCRA is an independent credit rating agency operating since 2003. The Financial Supervision Commission (FSC) and European Securities and Markets Authority (ESMA)…