REG - Zenith Energy Ltd - Update on Italian Electricity Production

Zenith EnergyAnnouncement

14/03/2023 07:15

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RNS Number : 8280S  Zenith Energy Ltd  14 March 2023

March 14, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Update on Italian Electricity Production

 

Zenith Energy Ltd.   (LSE: ZEN; OSE: ZENA), the energy company with proven
revenue generating production, exploration and development assets in Africa
and Europe, provides an update on its electricity production operations at the
Torrente Cigno Concession during the months of January and February 2023.

The Company produced a total of approximately 1,015 megawatt hours ("MWh")
during the month of January 2023, and a total of approximately 929 MWh during
the month of February 2023.

Electricity prices averaged approximately EUR 165 per MWh during January 2023
and averaged approximately EUR 156 during the month of February 2023,
resulting in cumulative total net revenues of approximately EUR 313,000 for
the period.

Zenith's current net production costs remain fixed at approximately EUR
35,000 per month.

 

Further Information:

 Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer  Tel: +1 (587) 315 9031

                                            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)

 

 

Notes to
Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
production, exploration and development assets in 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 transformational opportunities in
the Middle East, Africa, and Europe 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)

 

 

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