Zenith Energy Ltd Mobilisation of workover rig to ROB-1 in Tunisia (0172E)
08 Marzo 2022 - 4:00AM
UK Regulatory
TIDMZEN
RNS Number : 0172E
Zenith Energy Ltd
08 March 2022
March 8, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Mobilisation of workover rig to ROB-1 in Tunisia
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international energy production and development
company, announces that a workover rig will shortly be mobilised to
the Robbana concession (onshore Tunisia) to commence operations in
well Robanna-1 ("ROB-1").
The workover rig will re-enter ROB-1 and pull the tubing string
out of hole. A specialised Schlumberger wireline unit will
subsequently perform logging operations to confirm casing integrity
and, in the event of casing damage being identified, perform the
necessary repair work.
Andrea Cattaneo , Chief Executive Officer of Zenith,
commented:
"We are cautiously optimistic that we shall successfully achieve
sustained daily oil production from ROB-1.
As shown by this well intervention and the upcoming drilling of
ROB-3, the Robbana concession is one of our primary areas of
operational focus, following an in-depth geological and reservoir
review performed by our Tunisian team.
All additional production to be obtained from ROB-1 will further
increase Zenith's record revenue generation and associated
profitability in the current energy pricing climate."
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Allenby Capital Limited - Financial
Adviser Tel: + 44 (0) 203 328 5656
Nick Harriss
Nick Athanas
------------------------------
Alternative Resource Capital
- Broker Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
Alex Wood
Keith Dowsing
------------------------------
Celicourt Communications (Financial Tel: +44 (0) 208 434 2643
PR) E: zenithenergy@celicourt.uk
Mark Antelme
Jimmy Lea
------------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly
complete value-accretive hydrocarbon production opportunities in
the oil & gas sector, specifically in Africa.
Follow us on LinkedIn:
https://www.linkedin.com/company/zenith-energy-limited/
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
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END
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