Zenith Energy Ltd Opening of Representative Office in Yemen (3288G)
14 11월 2022 - 9:30PM
UK Regulatory
TIDMZEN
RNS Number : 3288G
Zenith Energy Ltd
14 November 2022
November 14, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Opening of Representative Office in Yemen
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) , the energy company
with proven revenue generating production, exploration and
development assets in Africa and Europe , is delighted to announce
that it has opened a representative office in the city of Aden,
located in the Republic of Yemen.
Andrea Cattaneo, Chief Executive of Zenith, commented:
"We are very pleased to have opened a representative office in
Yemen. The team and I have had the opportunity to visit Aden and to
have fruitful interactions with the country's local
authorities.
Yemen is a country endowed with very significant oil and gas
reserves, having attracted sizeable investment from many leading
international oil and gas companies in the recent past.
Positive political developments achieved during 2022 have given
hope of long-term stability being successfully maintained and set
the conditions for renewed foreign investment in the local economy,
including the oil and gas industry.
We see great potential for Zenith's establishment in Yemen and
look forward with enthusiasm to updating the market on our future
progress ."
About Yemen
-- Yemen is located on the southern end of the Arabian
Peninsula, sharing a border with Saudi Arabia and Oman.
-- The country has significant oil and natural gas resources
sufficient for both domestic demand and international exports,
however, it is not currently a major hydrocarbon producer relative
to several other Middle Eastern countries.
-- Yemen sits on proved hydrocarbon reserves of c. 3 billion
barrels of crude oil and 17 trillion cubic feet of gas (US Energy
Information Administration). Its main crude export grade is light
sweet Masila, with an API gravity of 34.10.
-- Until 2009, Yemen reinjected most of its gas production to
aid in oil recovery, but has since become an LNG exporter, with the
government aiming to increase the use of natural gas in many
sectors, including in electricity generation.
-ENDS-
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 , 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 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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