REG - Zenith Energy Ltd - MOU with Ministry of Petroleum – South Sudan

Zenith EnergyAnnouncement

23/06/2023 07:00

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RNS Number : 6616D  Zenith Energy Ltd  23 June 2023

June 23, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

MOU with Ministry of Petroleum - South Sudan

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy
production and development company, is pleased to announce that it has signed
a Memorandum of Understanding ("MOU") with the Ministry of Petroleum in the
Republic of South Sudan.

 

The MOU has the purpose of formalising certain negotiations currently underway
with the Ministry of Petroleum for the acquisition and development of oil and
gas production licences located in the Republic of South Sudan.

 

 

Andrea Cattaneo, Chief Executive Officer, commented:

 

"The Team and I were pleased to recently attend the 2023 edition of the South
Sudan Oil and Power event in Juba.

 

South Sudan is endowed with a prolific petroleum system and has been the focus
of our attention in recent months. We believe there are potentially many
commercially attractive opportunities in-country for Zenith to acquire and
develop successfully.

 

We look forward with enthusiasm to working constructively with the local
authorities towards the goal of establishing ourselves and investing in this
favourable jurisdiction."

 

Further Information:

 Zenith Energy Ltd

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

                                               E:  info@zenithenergy.ca (mailto:info@zenithenergy.ca)
 BlytheRay - Financial PR/IR                   Tel: +44 207 138 3204

 Tim Blythe, Megan Ray, Matt Bowld             E:  zenith@blytheray.com (mailto:zenith@blytheray.com)

 Allenby Capital Limited - Financial Adviser   Tel: + 44 (0) 203 328 5656

 Nick Harriss

 Daniel Dearden-Williams
 Miriad Limited - Media Enquiries              Tel: +44 7867527659

 Zak Mir                                       E: zak@zakmir.com (mailto:zak@zakmir.com)

 

Notes to
Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in Africa, the Middle East and
Europe, 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 development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.

For more information, please visit:  www.zenithenergy.ca
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb (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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