Zenith Energy Ltd.

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Zenith Energy Ltd. (LSE: ZEN | TSX-V: ZEE | OSE: ZENA-ME), is an international energy production and exploration company operating the largest onshore oilfield in Azerbaijan. The Company also has interests in natural gas, condensate and electricity production assets in Italy.

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Zenith Energy Ltd.

lockPrivateGroup

Zenith Energy Ltd. (LSE: ZEN | TSX-V: ZEE | OSE: ZENA-ME), is an international energy production and exploration comp......

people4 Members       (0)

8020Admin posted a press release Commencement of Well Deepening Operations in Well C-37 in ZENITH ENERGY LTD.

July 18, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN) (TSXV:ZEE) (OSE:ZENA-ME), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that the commencement of well deepening operations in well C-37 is scheduled to begin on July 26, 2019.


Well C-37 Deepening Operations


The Company's drilling activities have two objectives.


The first objective will be to deepen well C-37's total depth of 3,987 metres by approximately 30-40 metres and drill all the clastic layers of the Middle Eocene formation.


The Company's geological and reservoir investigations have indicated that the Middle Eocene formation in well C-37 may hold significant oil reserves. This view has been supported by the fact that an adjacent well, C-22, achieved a sustained rate of production of approximately 700 barrels per day from the interval between 3,902-4,014 metres.


The second objective will be to penetrate the previously untested and recently identified Upper Cretaceous (Mesozoic) formation structure by deepening well C-37 by an additional 250-300 metres. Upon completion of deepening activities, a series of wireline acquisitions and production tests will be performed first in the Upper Cretaceous carbonates and later in the Eocene clastic sequences.


The Company's geological and reservoir teams believe that the testing of the unexplored Cretaceous play has the potential to provide valuable information regarding new prospective exploration activity to be performed across its Azerbaijan asset.


Well deepening activities are expected to be completed during approximately 30 days and the Company will provide updates as appropriate in accordance with operational progress.


BD-260 Drilling Rig


As previously announced, the Company has recently taken delivery of a Top Drive System which is expected to greatly enhance the performance of drilling activities, specifically on account of the increased safety and operational flexibility offered over the traditional rotary system. The Company can confirm that the Top Drive System has successfully been installed and is currently being tested in preparation for the commencement of drilling operations.


In addition, the BD-260 has undergone a full host of upgrades to its mud system which have increased its capacity in preparation for the requirements of future drilling activities.


Zena Drilling Limited, the Company's fully owned service company subsidiary, has acquired approximately US$250,000 of spare parts to mitigate against the risk of delays being incurred during drilling activities as a result of equipment failures.


It is expected that the operational performance and the speed of future drilling operations performed by the BD-260 drilling rig shall progressively increase once the set-up and introductory operational activities are completed.


Well C-30 Civil Works


The Company can confirm that the commencement of civil works in well C-30 is expected during the first week of August 2019.


Andrea Cattaneo, Chief Executive Officer of Zenith, commented:


"I am pleased that we now have a confirmed date for the start of well deepening activities. The activation of the BD-260 drilling has taken longer than expected, however, this should be viewed in the context of the fact that this is the rig's first operational deployment in Azerbaijan, and that the extensive work done at this initial phase will be extremely beneficial during the long-term operational deployment of the rig across our Azerbaijan asset.


We look forward with excitement to the start of activities and what a positive result could mean for the Company's successful development going forward."


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further Information:


















































































Zenith Energy Ltd


 

Andrea Cattaneo, Chief Executive Officer



Tel: +1 (587) 315 9031


 

E-mail: info@zenithenergy.ca


   

Peterhouse Capital - Joint Broker



Tel: + 44 (0) 207 469 0930



Lucy Williams


 

Charles Goodfellow


 
   

Novum Securities Limited - Joint Broker



Tel: + 44 (0) 207 399 9400



Charlie Brook-Partridge


 

Hugh McAlister


 

Allenby Capital Limited - Financial Adviser



Tel: + 44 (0) 203 328 5656



Nick Harriss


 

Nick Athanas


 
   

IFC Advisory Limited - Financial PR & IR



Tel: + 44 (0) 203 934 6630



Graham Herring


 

Miles Nolan


 

Zach Cohen


 

Notes to Editors:


Zenith Energy Ltd. is an international oil and gas production company, listed on the TSX Venture Exchange (TSXV:ZEE) and London Stock Exchange (LSE:ZEN). In addition, the Company's common share capital was admitted to trading on the Merkur Market of the Oslo Boers (ZENA:ME) on November 8, 2018. The Merkur Market is a multilateral trading facility owned and operated by the Oslo Boers.


The Company was assigned a medium to long-term issuer credit rating of "B+ with Positive Outlook" on October 8, 2018 by Arc Ratings, S.A.


The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Republic of Azerbaijan, in 2016.


The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, condensate and electricity.


Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.


Forward-looking statements


This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward-looking statements about the potential of its drilling operations in certain of the Company's wells. The forward-looking statements and information are based on certain key expectations and assumptions made by Zenith, including the ability to execute its strategy and realise its growth opportunities including its ability to finance and execute its plans. Although Zenith believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Companycan give no assurance that they will prove to be correct. All timing given in this announcement, unless stated otherwise is indicative and while the Company endeavours to provide accurate timing to the market, it cautions that due to the nature of its operations and reliance on third parties this is subject to change often at little or no notice. By its nature, such forward-looking information is subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially fromthose anticipated or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, Zenith being unable to finance or realise growth opportunities. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Zenith undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.The forward-looking information contained herein is expressly qualified by this cautionary statement.

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8020Admin

10 days

8020Admin posted a press release Director/PDMR Shareholding in ZENITH ENERGY LTD.

July 9, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE:ZEN)(TSXV:ZEE)(OSE:ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that on July 4, 2019, he sold a total of 1,660,000 common shares of no par value ("Common Shares") in the capital of the Company at a price of GBP0.03 per Common Share (approximately CAD$0.05).


As per Mr. Cattaneo's previous transaction announced on July 4, 2019, he used all the proceeds of the sale to exercise stock options and acquire 688,797 common shares of no-par value in the capital of the Company, (the "New Shares"), at an exercise price (the "Options Price") of CAD$0.12 (approximately GBP0.07) per New Share.


The Stock Options Plan, (the "Plan"), was approved by shareholders at the Company's last AGM, held on June 17, 2019.


Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 19,159,115 Common Shares in the capital of the Company, representing 6.77% of the total issued and outstanding common share capital of the Company admitted to trading on the Main Market for listed securities of the London Stock Exchange, and representing 6.11% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.48% of the Company's issued and outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.40% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


Total Voting Rights


The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the following information after the issue of the New Shares:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=ZEE%3ACA&qmodStoryID=8246662115825952 

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8020Admin

15 days

8020Admin posted a press release Director/PDMR Shareholding in ZENITH ENERGY LTD.

Calgary, AB - TheNewswire - July 4, 2019 - Zenith Energy Ltd. (TSX.V:ZEE)(LSE:ZEN)(OSE:ZENA-ME) ("Zenith" or the "Company") the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that on July 3, 2019, he sold a total of 1,500,000 common shares of no par value ("Common Shares") in the capital of the Company at a price of GBP0.03 per Common Share (approximately CAD$0.05).


Mr. Cattaneo used all the proceeds to exercise stock options to acquire 622,407 common shares of no-par value in the capital of the Company, (the "New Common Shares"), at an exercise price (the "Exercise Price") of CAD$0.12 (approximately GBP0.07) per New Share.


The Stock Options Plan, (the "Plan"), was approved by shareholders at the Company's last AGM, held on June 17, 2019.


Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 20,130,318 Common Shares in the capital of the Company, representing 7.18% of the total issued and outstanding common share capital of the Company admitted to trading on the Main Market for listed securities of the London Stock Exchange, and representing 6.44% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.48% of the Company's issued and outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.40% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further information:  https://quotemedia.com/portal/quote/?qm_symbol=ZEE%3ACA&qmodStoryID=8517289311335298 

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8020Admin

16 days

8020Admin posted a press release Filing of Annual Information Form in ZENITH ENERGY LTD.

July 3, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE;OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that, in accordance with Canadian securities laws, it has filed its Annual Information Form ("AIF") for the year-ended March 31, 2019 on SEDAR (www.sedar.com).


A copy of the AIF will shortly be available for electronic review on the Company's website: www.zenithenergy.ca.


Admission of OSE and TSX listed shares on the LSE Main Market


The Company will soon begin work on a new admission document and is currently in the final stages of selecting the most suitable corporate finance adviser to help undertake this process.


The publication of an admission document is required, in accordance with the FCA's Prospectus Rules and Listing Rules, for the admission to trading of common shares of no par value in the capital of the Company ("Common Shares") on the Main Market for listed securities of the London Stock Exchange ("Admission"), where Admission is required within twelve months of the issue date of the Common Shares. The Common Shares for which Admission is required have already been issued and listed on the TSX Venture Exchange and the Merkur Market of the Oslo Boers.


In connection with the Admission of the aforementioned Common Shares to trading on the London Stock Exchange Main Market, the Company proposes to publish a prospectus. This may include information regarding any transaction, or other relevant matter relating to the Company at the time of publication, which the Company may deem necessary to disclose at such time.


The preparation of the prospectus remains at an initial phase and the date of publication and its content is undefined at this stage.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further information:


Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=ZEE%3ACA&qmodStoryID=7012621197312610 

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8020Admin

17 days

8020Admin posted a press release Filing of the Audited Annual Results and 2019 CPR in ZENITH ENERGY LTD.

July 2, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that, in accordance with Canadian securities law, the Company filed its annual audited financial results for the financial year ended March 31, 2018 on SEDAR (www.sedar.com) and that it has filed its year-end independent evaluation of reserves for the year ending March 31, 2019 (the "2019 CPR"), prepared in accordance with National Instrument 51-101: Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), on SEDAR. Additional information regarding the Company will be included in Zenith's Annual Information Form and annual financial statements.


Audited annual results for the financial year ended March 31, 2019


Filing of the aforementioned results on SEDAR took place on June 28, 2019. A copy of these documents will shortly be available for review on the Company's website: www.zenithenergy.ca.


Filing of 2019 CPR


The 2019 CPR has assessed Zenith's proved plus probable ("2P") reserves in Azerbaijan, for the duration of the 25-year Rehabilitation, Exploration, Development and Production Sharing Agreement ("REDPSA") effective from August 11, 2016, as approximately 30.6 million barrels of oil, decreasing from approximately 31.7 million as at March 31, 2018.


Italian natural gas 2P reserves have been reassessed in the 2019 CPR, decreasing to 16.3 BCF from approximately 16.4 BCF as at March 31, 2018.


All assumptions and qualifications relating to costs and other matters are included in the Chapman Report (as defined below). The recovery and reserves estimates on the Company's assets described herein are estimates only. The actual reserves in the Company's assets may be greater or smaller than those calculated.


The following is a summary of the oil and natural gas reserves and the value of future net revenue of the Company, as evaluated by Chapman Petroleum Engineering Ltd., Calgary, Alberta, as at March 31, 2019, and dated April 1, 2019 (the "Chapman Report"). Chapman Petroleum Engineering Ltd. is an independent qualified reserves evaluator and auditor. The Chapman Report has been prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook ("COGEH") reserves definitions that are consistent with NI 51-101.


The 2019 CPR documents can be viewed online at www.sedar.com and will shortly also be available for review on the Company website: www.zenithenergy.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=ZEE%3ACA&qmodStoryID=7968843691326068 

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8020Admin posted an update in ZENITH ENERGY LTD.

1 month

This is a new corporate client listing and does not currently have a corporate administrator. This is in process, so please refrain from asking questions or making comments until such time as the corporate administrator is properly set up.

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Zenith Energy Ltd.

lockPrivate Group

Zenith Energy Ltd. (LSE: ZEN | TSX-V: ZEE | OSE: ZENA-ME), is an international energy production and exploration company operating the largest onshore oilfield in Azerbaijan. The Company also has interests in natural gas, condensate and electricity production assets in Italy.

people4 Members       (0)

Corporate Profile
Group Admins:
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Request Membership


Zenith Energy Ltd.

lockPrivateGroup

Zenith Energy Ltd. (LSE: ZEN | TSX-V: ZEE | OSE: ZENA-ME), is an international energy production and exploration comp......

people4 Members       (0)

8020Admin posted a press release Commencement of Well Deepening Operations in Well C-37 in ZENITH ENERGY LTD.

July 18, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN) (TSXV:ZEE) (OSE:ZENA-ME), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that the commencement of well deepening operations in well C-37 is scheduled to begin on July 26, 2019.


Well C-37 Deepening Operations


The Company's drilling activities have two objectives.


The first objective will be to deepen well C-37's total depth of 3,987 metres by approximately 30-40 metres and drill all the clastic layers of the Middle Eocene formation.


The Company's geological and reservoir investigations have indicated that the Middle Eocene formation in well C-37 may hold significant oil reserves. This view has been supported by the fact that an adjacent well, C-22, achieved a sustained rate of production of approximately 700 barrels per day from the interval between 3,902-4,014 metres.


The second objective will be to penetrate the previously untested and recently identified Upper Cretaceous (Mesozoic) formation structure by deepening well C-37 by an additional 250-300 metres. Upon completion of deepening activities, a series of wireline acquisitions and production tests will be performed first in the Upper Cretaceous carbonates and later in the Eocene clastic sequences.


The Company's geological and reservoir teams believe that the testing of the unexplored Cretaceous play has the potential to provide valuable information regarding new prospective exploration activity to be performed across its Azerbaijan asset.


Well deepening activities are expected to be completed during approximately 30 days and the Company will provide updates as appropriate in accordance with operational progress.


BD-260 Drilling Rig


As previously announced, the Company has recently taken delivery of a Top Drive System which is expected to greatly enhance the performance of drilling activities, specifically on account of the increased safety and operational flexibility offered over the traditional rotary system. The Company can confirm that the Top Drive System has successfully been installed and is currently being tested in preparation for the commencement of drilling operations.


In addition, the BD-260 has undergone a full host of upgrades to its mud system which have increased its capacity in preparation for the requirements of future drilling activities.


Zena Drilling Limited, the Company's fully owned service company subsidiary, has acquired approximately US$250,000 of spare parts to mitigate against the risk of delays being incurred during drilling activities as a result of equipment failures.


It is expected that the operational performance and the speed of future drilling operations performed by the BD-260 drilling rig shall progressively increase once the set-up and introductory operational activities are completed.


Well C-30 Civil Works


The Company can confirm that the commencement of civil works in well C-30 is expected during the first week of August 2019.


Andrea Cattaneo, Chief Executive Officer of Zenith, commented:


"I am pleased that we now have a confirmed date for the start of well deepening activities. The activation of the BD-260 drilling has taken longer than expected, however, this should be viewed in the context of the fact that this is the rig's first operational deployment in Azerbaijan, and that the extensive work done at this initial phase will be extremely beneficial during the long-term operational deployment of the rig across our Azerbaijan asset.


We look forward with excitement to the start of activities and what a positive result could mean for the Company's successful development going forward."


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further Information:


















































































Zenith Energy Ltd


 

Andrea Cattaneo, Chief Executive Officer



Tel: +1 (587) 315 9031


 

E-mail: info@zenithenergy.ca


   

Peterhouse Capital - Joint Broker



Tel: + 44 (0) 207 469 0930



Lucy Williams


 

Charles Goodfellow


 
   

Novum Securities Limited - Joint Broker



Tel: + 44 (0) 207 399 9400



Charlie Brook-Partridge


 

Hugh McAlister


 

Allenby Capital Limited - Financial Adviser



Tel: + 44 (0) 203 328 5656



Nick Harriss


 

Nick Athanas


 
   

IFC Advisory Limited - Financial PR & IR



Tel: + 44 (0) 203 934 6630



Graham Herring


 

Miles Nolan


 

Zach Cohen


 

Notes to Editors:


Zenith Energy Ltd. is an international oil and gas production company, listed on the TSX Venture Exchange (TSXV:ZEE) and London Stock Exchange (LSE:ZEN). In addition, the Company's common share capital was admitted to trading on the Merkur Market of the Oslo Boers (ZENA:ME) on November 8, 2018. The Merkur Market is a multilateral trading facility owned and operated by the Oslo Boers.


The Company was assigned a medium to long-term issuer credit rating of "B+ with Positive Outlook" on October 8, 2018 by Arc Ratings, S.A.


The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Republic of Azerbaijan, in 2016.


The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, condensate and electricity.


Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.


Forward-looking statements


This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward-looking statements about the potential of its drilling operations in certain of the Company's wells. The forward-looking statements and information are based on certain key expectations and assumptions made by Zenith, including the ability to execute its strategy and realise its growth opportunities including its ability to finance and execute its plans. Although Zenith believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Companycan give no assurance that they will prove to be correct. All timing given in this announcement, unless stated otherwise is indicative and while the Company endeavours to provide accurate timing to the market, it cautions that due to the nature of its operations and reliance on third parties this is subject to change often at little or no notice. By its nature, such forward-looking information is subject to certain risks and uncertainties (both general and specific) that could cause actual events or outcomes to differ materially fromthose anticipated or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, Zenith being unable to finance or realise growth opportunities. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Zenith undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.The forward-looking information contained herein is expressly qualified by this cautionary statement.

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8020Admin

10 days

8020Admin posted a press release Director/PDMR Shareholding in ZENITH ENERGY LTD.

July 9, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE:ZEN)(TSXV:ZEE)(OSE:ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that on July 4, 2019, he sold a total of 1,660,000 common shares of no par value ("Common Shares") in the capital of the Company at a price of GBP0.03 per Common Share (approximately CAD$0.05).


As per Mr. Cattaneo's previous transaction announced on July 4, 2019, he used all the proceeds of the sale to exercise stock options and acquire 688,797 common shares of no-par value in the capital of the Company, (the "New Shares"), at an exercise price (the "Options Price") of CAD$0.12 (approximately GBP0.07) per New Share.


The Stock Options Plan, (the "Plan"), was approved by shareholders at the Company's last AGM, held on June 17, 2019.


Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 19,159,115 Common Shares in the capital of the Company, representing 6.77% of the total issued and outstanding common share capital of the Company admitted to trading on the Main Market for listed securities of the London Stock Exchange, and representing 6.11% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.48% of the Company's issued and outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.40% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


Total Voting Rights


The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the following information after the issue of the New Shares:


Read more here: https://quotemedia.com/portal/quote?qm_symbol=ZEE%3ACA&qmodStoryID=8246662115825952 

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8020Admin

15 days

8020Admin posted a press release Director/PDMR Shareholding in ZENITH ENERGY LTD.

Calgary, AB - TheNewswire - July 4, 2019 - Zenith Energy Ltd. (TSX.V:ZEE)(LSE:ZEN)(OSE:ZENA-ME) ("Zenith" or the "Company") the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that that its Chief Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that on July 3, 2019, he sold a total of 1,500,000 common shares of no par value ("Common Shares") in the capital of the Company at a price of GBP0.03 per Common Share (approximately CAD$0.05).


Mr. Cattaneo used all the proceeds to exercise stock options to acquire 622,407 common shares of no-par value in the capital of the Company, (the "New Common Shares"), at an exercise price (the "Exercise Price") of CAD$0.12 (approximately GBP0.07) per New Share.


The Stock Options Plan, (the "Plan"), was approved by shareholders at the Company's last AGM, held on June 17, 2019.


Following the aforementioned dealings, Mr. Cattaneo is directly beneficially interested in a total of 20,130,318 Common Shares in the capital of the Company, representing 7.18% of the total issued and outstanding common share capital of the Company admitted to trading on the Main Market for listed securities of the London Stock Exchange, and representing 6.44% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of 1,250,000 Common Shares, today representing 0.48% of the Company's issued and outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.40% of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Boers.


 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further information:  https://quotemedia.com/portal/quote/?qm_symbol=ZEE%3ACA&qmodStoryID=8517289311335298 

!
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8020Admin

16 days

8020Admin posted a press release Filing of Annual Information Form in ZENITH ENERGY LTD.

July 3, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE;OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that, in accordance with Canadian securities laws, it has filed its Annual Information Form ("AIF") for the year-ended March 31, 2019 on SEDAR (www.sedar.com).


A copy of the AIF will shortly be available for electronic review on the Company's website: www.zenithenergy.ca.


Admission of OSE and TSX listed shares on the LSE Main Market


The Company will soon begin work on a new admission document and is currently in the final stages of selecting the most suitable corporate finance adviser to help undertake this process.


The publication of an admission document is required, in accordance with the FCA's Prospectus Rules and Listing Rules, for the admission to trading of common shares of no par value in the capital of the Company ("Common Shares") on the Main Market for listed securities of the London Stock Exchange ("Admission"), where Admission is required within twelve months of the issue date of the Common Shares. The Common Shares for which Admission is required have already been issued and listed on the TSX Venture Exchange and the Merkur Market of the Oslo Boers.


In connection with the Admission of the aforementioned Common Shares to trading on the London Stock Exchange Main Market, the Company proposes to publish a prospectus. This may include information regarding any transaction, or other relevant matter relating to the Company at the time of publication, which the Company may deem necessary to disclose at such time.


The preparation of the prospectus remains at an initial phase and the date of publication and its content is undefined at this stage.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Further information:


Read more here:  https://www.quotemedia.com/portal/quote/?qm_symbol=ZEE%3ACA&qmodStoryID=7012621197312610 

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8020Admin

17 days

8020Admin posted a press release Filing of the Audited Annual Results and 2019 CPR in ZENITH ENERGY LTD.

July 2, 2019 - TheNewswire - Calgary, AB - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that, in accordance with Canadian securities law, the Company filed its annual audited financial results for the financial year ended March 31, 2018 on SEDAR (www.sedar.com) and that it has filed its year-end independent evaluation of reserves for the year ending March 31, 2019 (the "2019 CPR"), prepared in accordance with National Instrument 51-101: Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), on SEDAR. Additional information regarding the Company will be included in Zenith's Annual Information Form and annual financial statements.


Audited annual results for the financial year ended March 31, 2019


Filing of the aforementioned results on SEDAR took place on June 28, 2019. A copy of these documents will shortly be available for review on the Company's website: www.zenithenergy.ca.


Filing of 2019 CPR


The 2019 CPR has assessed Zenith's proved plus probable ("2P") reserves in Azerbaijan, for the duration of the 25-year Rehabilitation, Exploration, Development and Production Sharing Agreement ("REDPSA") effective from August 11, 2016, as approximately 30.6 million barrels of oil, decreasing from approximately 31.7 million as at March 31, 2018.


Italian natural gas 2P reserves have been reassessed in the 2019 CPR, decreasing to 16.3 BCF from approximately 16.4 BCF as at March 31, 2018.


All assumptions and qualifications relating to costs and other matters are included in the Chapman Report (as defined below). The recovery and reserves estimates on the Company's assets described herein are estimates only. The actual reserves in the Company's assets may be greater or smaller than those calculated.


The following is a summary of the oil and natural gas reserves and the value of future net revenue of the Company, as evaluated by Chapman Petroleum Engineering Ltd., Calgary, Alberta, as at March 31, 2019, and dated April 1, 2019 (the "Chapman Report"). Chapman Petroleum Engineering Ltd. is an independent qualified reserves evaluator and auditor. The Chapman Report has been prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook ("COGEH") reserves definitions that are consistent with NI 51-101.


The 2019 CPR documents can be viewed online at www.sedar.com and will shortly also be available for review on the Company website: www.zenithenergy.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=ZEE%3ACA&qmodStoryID=7968843691326068 

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8020Admin posted an update in ZENITH ENERGY LTD.

1 month

This is a new corporate client listing and does not currently have a corporate administrator. This is in process, so please refrain from asking questions or making comments until such time as the corporate administrator is properly set up.

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