Zenith Energy Ltd’s subsidiary to acquire Sidi El Kilani from CNPC

1 min read | September 08, 2020 01:20 PM PDT | By Team Kalkine Media

Google News:

Recent News

Equinix (NASDAQ:EQIX) Draws Market Focus As AI Data Demand Lifts

Is Caterpillar (NYSE:CAT) Navigating Changing Trade Dynamics?

Is Lockheed Martin (NYSE:LMT) Leading The Next Defense Stock Move?

Can ACM Research (NASDAQ:ACMR) Sustain Its Recent Momentum?

Make Kalkine Media
My Trusted Source

Zenith Energy Ltd’s (LON:ZEN) wholly-owned subsidiary Zenith Energy Netherlands B.V. has signed a conditional SPA (sale and purchase agreement) with CNPC International (Tunisia) Ltd.

The SPA is for the acquisition of a working interest in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession, which also includes the Sidi El Kilani oilfield.
The company has reported that the Seller has agreed to sell, assign and transfer to Zenith Netherlands the Tunisian Acquisition on the terms and subject to the conditions set out in the SPA and the consideration payable by Zenith Netherlands is US$300,000.
On 8 September 2020, at the time of writing, GMT 10:35 AM, ZEN shares were trading at GBX 0.53, up by 0.05 points or 10.53% against the previous day closing price.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.