Zenith Energy Ltd Update on Italian Electricity Production (8280S)
14 Marzo 2023 - 1:00AM
UK Regulatory
TIDMZEN
RNS Number : 8280S
Zenith Energy Ltd
14 March 2023
March 14, 2023
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Update on Italian Electricity Production
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the energy company
with proven revenue generating production, exploration and
development assets in Africa and Europe , provides an update on its
electricity production operations at the Torrente Cigno Concession
during the months of January and February 2023.
The Company produced a total of approximately 1,015 megawatt
hours ("MWh") during the month of January 2023, and a total of
approximately 929 MWh during the month of February 2023.
Electricity prices averaged approximately EUR 165 per MWh during
January 2023 and averaged approximately EUR 156 during the month of
February 2023, resulting in cumulative total net revenues of
approximately EUR 313,000 for the period.
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 in
Africa, the Middle East and Europe, 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 energy 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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