Welcome to our dedicated page for ZENITH ENERGY NEW news (Ticker: $ZENAF), a resource for investors and traders seeking the latest updates and insights on ZENITH ENERGY NEW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ZENITH ENERGY NEW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ZENITH ENERGY NEW's position in the market.
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Zenith Energy provides updates on international arbitration proceedings against the Republic of Tunisia and ETAP. The company's subsidiaries have initiated ICC Arbitration claims for non-payment of oil, breach of contract, and damages totaling millions of dollars. The expected decisions on these claims range from late 2024 to early 2025, with potential awards in favor of Zenith's subsidiaries. The ICSID Arbitration against the Republic of Tunisia is ongoing, with a revised claimed amount of at least US$48 million. The arbitration is expected to conclude in 2027.
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Zenith Energy Ltd. Completes Acquisition in Italy and Updates on Energy Production Portfolio
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Zenith Energy Ltd. completes private placements in the UK and Norway, raising approximately £1,260,000. The company issues new common shares to fund acquisitions and working capital. Directors participate in the financings, aiming for value creation in 2024.
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Zenith Energy Ltd. announces the completion of the first acquisition in the US onshore oil and gas space by its subsidiary, Cyber Apps World Inc. The acquisition represents a shift in strategy towards energy production and development. The company also confirms the discontinuation of three separate transactions announced in 2023. The change of name to Leopard Energy, Inc. reflects the strategic shift away from software development.
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Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF) has published its consolidated half-yearly unaudited financial results for the six months ended September 30, 2023. The company generated revenues of CAD$1,362k, produced 1,789 barrels of oil from Tunisian assets, and sold electricity, natural gas, and condensate from Italian assets. The company aims for long-term development and commercial success through strategic acquisitions in Kazakhstan and the USA.
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Zenith Energy Ltd. (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) announces conditional acquisition of 50% shares and voting rights in Devonian Petroleum Limited for approximately 5 million USD. Devonian holds hydrocarbon exploration rights in the Akkudukski Block in Kazakhstan with P50 resources of 120 million barrels above the salt and 400 million barrels below the salt.
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Zenith Energy Ltd. (LSE: ZEN)(OSE: ZENA)(OTCQB: ZENAF) announces initiation of ICC arbitration case against the Republic of Tunisia for damages amounting to US$85.8 million. The company is confident in the merits of the case and aims to ensure full compensation for shareholders.
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Zenith Energy Ltd. (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) is in advanced stages of finalizing terms for the potential acquisition of oil production and development assets in the Republic of Kazakhstan. The company has incorporated a subsidiary named Zenith Munay LLP and has agreed to formalize a pre-contractual framework for an opportunity comprising two oilfields with a near-term production potential of approximately 400 barrels of oil per day. Zenith expects to achieve circa 400 barrels of oil per day as a starting point and gradually scale up production through field rehabilitation operations and drilling of new wells.
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Zenith Energy Ltd. (ZEN) is an international energy production and development company listed on the London Stock Exchange, Euronext Growth of the Oslo Stock Exchange, and the Venture Market of the OTCQB. The company has won an ICC Arbitration against Entreprise Tunisienne d'Activités Pétrolières (ETAP), ordering ETAP to pay approximately EUR 120,000 in costs. Zenith Energy will seek to enforce the decision to receive payment directly to its subsidiary, Ecumed Petroleum Zarzis Ltd (EPZ), registered in Barbados. This comes after Zenith successfully obtained a conservative seizure of approximately US$6.5 million from ETAP's bank account in Switzerland due to ETAP's failure to comply with contractual obligations and pay for oil produced and sold by EPZ.
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Zenith Energy Ltd. (ZEN:LSE)(ZENA:OSE)(ZENAF:OTCQB) signs MoU with Nile SLC, a subsidiary of the national oil company of South Sudan, to jointly pursue business opportunities in fuel storage tanks, pipelines, and crude oil storage facilities. Zenith to provide technical, financial, and managerial expertise. CEO confident about commercially attractive opportunities in South Sudan.
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ZENITH ENERGY LTD NEW
OTC:ZENAF
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6.73M
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16.59%
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Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
United States of America
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