Zenith Energy Ltd Appointment of Advisor for Development in Africa (2173Z)
09 1월 2020 - 4:00PM
UK Regulatory
TIDMZEN
RNS Number : 2173Z
Zenith Energy Ltd
09 January 2020
January 9, 2020
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Appointment of Advisor for Development in Africa
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN;
TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas
production company, is pleased to announce that it has engaged Mr.
Bienvenu Briss Aleba as an advisor in view of its planned future
activities in the Republic of the Congo.
Mr. Aleba, a citizen of the Republic of the Congo, has worked at
Congolaise de Raffinage ("CORAF"), the refinery subsidiary of the
national oil company of the Republic of the Congo, Société
Nationale des Pétroles du Congo ("SNPC") for the past nine years,
where he currently holds the position of Deputy to the Head of the
Audit Division and Internal Control. It is expected that Mr. Aleba
will depart his current role with CORAF and join Zenith during the
month of February 2020.
He holds a number of professional accreditations, primarily in
exploratory drilling operations.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are delighted to welcome Mr. Aleba as an advisor to Zenith
for its business development activities in the Republic of the
Congo.
In preparation for our planned operational activities in country
we continue to enhance our expertise and knowledge of the
region."
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Tel: +1 (587) 315 9031
Officer
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E-mail: info@zenithenergy.ca
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Peterhouse Capital - Joint Broker Tel: + 44 (0) 20 7469
0930
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Lucy Williams
-----------------------------
Charles Goodfellow
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Novum Securities Limited - Joint Tel: + 44 (0) 20 7399
Broker 9400
-----------------------------
Charlie Brook-Partridge
-----------------------------
Hugh McAlister
-----------------------------
IFC Advisory Limited - Financial Tel: + 44 (0) 20 3934
PR & IR 6630
-----------------------------
Graham Herring
-----------------------------
Zach Cohen
-----------------------------
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production
company, listed on the TSX Venture Exchange (TSX.V:ZEE) and London
Stock Exchange (LSE:ZEN). In addition, the Company's common share
capital was admitted to trading on the Merkur Market of the Oslo
Børs (ZENA:ME) on November 8, 2018. The Merkur Market is a
multilateral trading facility owned and operated by the Oslo
Børs.
The Company was assigned a medium to long-term issuer credit
rating of "B+ with Positive Outlook" on October 9, 2019 by Arc
Ratings, S.A. On November 18, 2019, the Company was assigned a "B+"
with Stable Outlook debt issuer credit rating by Rating-Agentur
Expert RA.
The Company operates the largest onshore oilfield in Azerbaijan
by cumulative acreage following the signing of a 25-year REDPSA,
(Rehabilitation, Exploration, Development and Production Sharing
Agreement), with SOCAR, State Oil Company of the Republic of
Azerbaijan, in 2016.
The Company's primary focus is the development of its Azerbaijan
operations by leveraging its technical expertise and financial
resources to maximise low-cost oil production via a systematic
field rehabilitation programme intended to achieve significantly
increased revenue. Zenith also operates, or has working interests
in, a number of natural gas production concessions in Italy. The
Company's Italian operations produce natural gas, condensate and
electricity.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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