Zenith Energy Ltd Half-year Report (0681I)
30 Noviembre 2022 - 3:02AM
UK Regulatory
TIDMZEN
RNS Number : 0681I
Zenith Energy Ltd
30 November 2022
November 30, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Publication of Half-Year Results
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the Africa and Middle East focused energy production and
development company , is pleased to publish its consolidated
half-yearly unaudited financial results for the six months ended
September 30, 2022 (the "Interim Results").
The Interim Results will shortly be available for download on
the Company's website ( www.zenithenergy.ca ) and can be viewed in
full here:
http://www.rns-pdf.londonstockexchange.com/rns/0681I_1-2022-11-30.pdf
Highlights:
-- The Group generated revenues from oil and natural gas of CAD$11,571k (2021 - CAD$2,344k).
-- During the six months ended September 30, 2022, the Company
produced 90,591 barrels of oil from its Tunisian assets (2021 -
94,662 barrels)
-- During the six months ended September 30, 2022, the Company
sold 79,223 barrels of oil produced from its Tunisian assets (2021
- 67,916 barrels)
-- During the six months ended September 30, 2022, the Company
sold 5,309 MWh of electricity produced from its Italian assets
(2021 - 2,792 MWh).
-- During the six months ended September 30, 2022, the Company
sold 5,623 mcf of natural gas produced from its Italian assets
(2021 - 4,742 mcf).
-- During the six months ended September 30, 2022, the Company
sold 137 barrels of condensate produced from its Italian assets
(2021 - nil).
Luca Benedetto, Chief Financial Officer of Zenith,
commented:
"We are pleased to publish our unaudited half-year results which
provide clear evidence of the outstanding performance of our
Italian natural gas and electricity production operations.
As a management team we believe there are several potentially
highly material growth catalysts to be achieved in the near-term
following the successful implementation of our development strategy
in Africa and the Middle East.
We look forward to providing further information on our exciting
progress in due course."
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray , Madeleine E: zenith@blytheray.com
Gordon-Foxwell
Alternative Resource Capital -
Broker Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
Alex Wood
Keith Dowsing
Notes to Editors :
Zenith Energy Ltd. is a revenue generating, independent energy
company with production, exploration and development assets in
Tunisia, Italy and the Republic of the Congo, including electricity
generation in Italy. The Company is listed on the London Stock
Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo
Stock Exchange (OSE: ZENA).
Zenith's strategic focus is on pursuing transformational
opportunities in the Middle East, Africa, and Europe through the
development of proven revenue generating oil, gas, and electricity
production assets, as well as low-risk exploration activities in
assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
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END
IR FDSSASEESEEF
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November 30, 2022 04:02 ET (09:02 GMT)
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