Zenith Energy Ltd Italian Electricity Production -- December 2022 (1269M)
09 Enero 2023 - 6:32AM
UK Regulatory
TIDMZEN
RNS Number : 1269M
Zenith Energy Ltd
09 January 2023
January 9, 2023
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Italian Electricity Production - December 2022
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the energy company
with proven revenue generating production, exploration and
development assets in Africa and Europe , is pleased to provide an
update on its electricity production operations at the Torrente
Cigno Concession during the month of December 2022.
The Company produced a total of approximately 1,025 megawatt
hours ("MWh") in the month of December 2022, representing the
highest monthly production during the course of 2022.
Electricity prices during the month of December 2022 averaged
approximately EUR 280 per MWh, resulting in net revenues of
approximately EUR 286,500. Zenith's current net production costs
remain fixed at approximately EUR 35,000 per month.
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 9031
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray , Matt Bowld E: zenith@blytheray.com
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
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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January 09, 2023 07:32 ET (12:32 GMT)
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