REG - Zenith Energy Ltd - Update on workover of ROB-1

Zenith Energy (CA)Announcement

31/05/2022 11:00

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RNS Number : 4044N  Zenith Energy Ltd  31 May 2022

May 31, 2022

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Update on workover of ROB-1

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the
listed international energy production and development company, is pleased to
provide an update on operations in well ROB-1 ("ROB-1") of the Robbana
concession (onshore Tunisia).

Zenith can confirm that Schlumberger logging operations performed in ROB-1
have evidenced major corrosion in the casing and a lack of cementing in the
location of previous perforations performed in 1988 being the cause of water
ingress in the wellbore.

To remedy the above, the Company has retrieved the old packer installed in
ROB-1, and now successfully set a new packer supplied by Weatherford in ROB-1
at a higher depth.

The Company plans to start rigging down the workover unit today, with a view
to running the recently acquired Weatherford sucker pump back into ROB-1
during the next 48-72 hours. Production from ROB-1 is planned to recommence on
June 8, 2022, with stablished production expected to be achieved on or before
June 18, 2022.

Further Information:

 Zenith Energy Ltd

 Andrea Cattaneo, Chief Executive Officer        Tel: +1 (587) 315 1279

                                                 E:  info@zenithenergy.ca (mailto:info@zenithenergy.ca)
 Alternative Resource Capital - Broker

 Alex Wood                                       Tel: +44 (0) 207 186 9004

 Keith Dowsing                                   Tel: + 44 (0) 207 186 9005

 

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.

Notes to Editors:

Zenith Energy Ltd. is an international oil, gas, and electricity production
company, listed on the London Stock Exchange Main Market (LSE: ZEN) and the
Euronext Growth Market of the Oslo Stock Exchange (OSE: ZENA).

Zenith's growth strategy is to successfully develop its existing portfolio of
energy production assets in Italy and Africa, as well as to proactively
identify and complete any additional value-accretive development opportunities
in these regions.

Follow us on
LinkedIn: https://www.linkedin.com/company/zenith-energy-limited/
(https://www.linkedin.com/company/zenith-energy-limited/)

 

 

 

 

 

 

 

 

 

 

 

 

 

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