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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March 08, 2022 05:00 ET (10:00 GMT)

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