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Zenith Energy (LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF) has published its audited annual financial results for the year ended March 31, 2024. Key highlights include:
- Revenue from oil and gas production: CAD$1,788K (down from CAD$13,159K in 2023)
- Inventory: CAD$2,031K (9,899 barrels of crude oil in Tunisia)
- Natural gas sales from Italian assets: 159,119 Mcf (down from 177,246 Mcf)
CEO Andrea Cattaneo emphasized the company's focus on seeking redress for breaches by Tunisian authorities, including an ongoing ICC Arbitration against ETAP for non-payment of approximately US$7.5 million. Zenith continues to evaluate acquisition opportunities and will provide updates on its growth strategy, including the conditional acquisition of Devonian Petroleum
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