Zenith Energy Ltd Receipt of payment from SNPC subsidiary in Congo (2467J)

TIDMZEN

RNS Number : 2467J

Zenith Energy Ltd

20 August 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

August 20, 2021

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Receipt of payment from SNPC subsidiary in Congo

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that one of its fully owned subsidiaries in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U. ("AAOG Congo"), has received a payment for an amount of approximately US$128,000, in respect of past oil production produced during the now expired Tilapia I licence by AAOG Congo from Congolaise de Raffinage ("CORAF"), a subsidiary of the national oil company of the Republic of the Congo, Société Nationale des Pétroles du Congo ("SNPC").

The Company is pleased to have received this payment which it views as clear evidence of the Company's ability to successfully monetise receivables it is owed in Republic of the Congo.

Further Information:

 
 Zenith Energy Ltd 
 Andrea Cattaneo, Chief Executive Officer   Tel: +1 (587) 315 9031 
                                           ----------------------------- 
                                            E-mail: info@zenithenergy.ca 
                                           ----------------------------- 
 Allenby Capital Limited - Financial 
  Adviser & Broker 
                                           ----------------------------- 
 Nick Harriss                               Tel: + 44 (0) 203 328 
  Nick Athanas                               5656 
                                           -----------------------------

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 seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.

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