Our Journey

Zenith was admitted to the London Stock Exchange in 2017 following the signing of a transformational 25-year Rehabilitation, Exploration, Development and Production Sharing Agreement with SOCAR (State Oil Company of the Azerbaijan Republic) for the largest onshore oilfield in Azerbaijan.

Oil Drilling rig illustration

October 2018

Zenith announces that it has received a medium to long-term issuer credit rating of “B+” with Positive Outlook

September 2018

The Company announces that its service company subsidiary, Zena Drilling Limited, has purchased a 1,200hp drilling rig capable of drilling to a depth of 4,500 metres

April 2018

The Company commissions a geological study in order to prepare for the beginning of drilling operations. Through the structural re-interpretation of various seismic acquisitions and well data from wells drilled in the field area the study identifies a new, previously unexplored, Mesozoic carbonate prospect

April 2018

Decision is taken to shut-in 31 production wells in the Muradhkhanli and Jafarli oilfields that were performing uneconomically with an average water cut of 99 per cent. As a result, the Company announces that it has a total of 34 active production wells producing an average daily production of approximately 300 barrels

March 2018

The Company’s gross oil production revenues in Azerbaijan reach an all-time record high since the beginning of operations in the country. The Company’s subsidiary generated revenues, gross of commissions and transportation expenses, of approximately US$490,000 for its oil production during the month of March 2018, with an ‘Urals’ oil price per barrel of approximately US$67

January 2018

The Company announces the signing of a purchase agreement for an A-100 truck-mounted workover rig to be manufactured in Azerbaijan

September 2017

Zenith reports daily production increased in Azerbaijan to approximately 350 BOPD

July 2017

Zenith announces the appointment of Mr. Sergey Borovskiy as Non-Executive Director of the Company

April 2017

Management team strengthened with appointment of new CFO

March 2017

Appointment of Mr. Saadallah Al-Fathi as a Non-Executive Director of the Company

February 2017

The Company divests its oil production operations in Argentina to maximise focus on transformational Azerbaijan asset and Italian energy production interests.

January 2017

On January 11, 2017 Zenith was admitted to trading on the London Stock Exchange Main Market standard listing segment of the FCA Official List under the ticker symbol “ZEN”. The placing successfully raised approximately £2,332,550 before expenses via the issue of 33,322,143 Common Shares

LSE admission

August 2016

Zenith begins oil production under the Zenith banner in Azerbaijan following completion of the handover process from SOCAR to Aran Oil Operating Company, an entity jointly created and owned by Zenith Aran Oil Company Limited (80%) and SOCAR (20%). Production commences at a rate of approximately 275 barrels per day

 

Oil field rendering

June 2016

The Parliament of the Republic of Azerbaijan unanimously ratifies the REDPSA between SOCAR and Zenith and enacts this agreement into statutory law

The Republic of Azerbaijan’s Parliamentary Committee on Natural Resources, Energy & Environment issues recommendation that the Rehabilitation, Exploration and Development Production Sharing Agreement (REDPSA) between SOCAR (State Oil Company of the Azerbaijan Republic) and Zenith receive parliamentary ratification

May 2016

Azerbaijan’s Cabinet of Ministers officially approves the Rehabilitation, Exploration, Development and Production Sharing Agreement (REDPSA) signed between Zenith and SOCAR

March 2016

Zenith announces signing of REDPSA (Rehabilitation, Exploration, Development and Production Sharing Agreement) with SOCAR (State Oil Company of the Azerbaijan Republic)

Signing the register

January 2016

Zenith establishes a fully owned subsidiary, Zenith Aran Oil Company Limited, to operate in Azerbaijan.  The name ‘Aran’ is chosen to reflect the central ‘Aran’ region of Azerbaijan where Zenith’s oilfields are located.

Zenith Aran

October 2015

Zenith announces that the Company has received approval by Presidential Decree following negotiations with SOCAR (State Oil Company of the Azerbaijan Republic) for a field area of 642.4 square kilometres comprised of three oilfields.

Zenith announces beginning of electricity production activities at Torrente Cigno concession following acquisition of gas powered electricity generation infrastructure.

September 2015

Zenith announces opening of regional office in Baku, Azerbaijan.

January 2015

Zenith reports record oil production of approximately 168 BOPD from the Don Alberto and Don Ernesto oilfields.

December 2014

Zenith reports increased daily production of approximately 165 BOPD in Argentina following the success of its second workover programme.

October 2014

Canoel International Energy Ltd. changes name to Zenith Energy Ltd. on October 2, 2014.

September 2014

Zenith announces the beginning of its second workover programme aimed at increasing oil production at Don Alberto and Don Ernesto oilfields in Argentina.

August 2013

Zenith’s Italian subsidiary begins production of natural gas and natural gas condensate.

June 2013

Zenith announces the completion of the acquisition of 13 Italian production and exploration assets after Zenith received final approval for the change of ownership from the Italian Ministry for Economic Development.

September 2012

On September 6, 2012, Zenith announces that it has expanded its footprint in Italy by entering into a purchase and sale agreement to acquire another company’s entire working interest in 13 onshore natural gas exploration and production assets.

August 2011

In December 2009 the Italian Ministry of Industry selected Zenith as one of the finalists for the awarding of two gas production concessions. The successful awarding of these concessions was announced on August 30, 2011.

June 2011

Zenith establishes an Italian subsidiary, Canoel Italia S.R.L. as first step towards acquiring natural gas production interests in Italy.

July 2010

Acquisition of two oilfields in Argentina

December 2008

The Company was established by a group of oil entrepreneurs and was fully listed on the TSX-V (Toronto Stock Exchange- Venture) on December 5, 2008.

September 2007

Zenith Energy Ltd. was incorporated, as Canoel International Energy Ltd., under the Business Corporations Act (British Columbia) on September 20, 2007.

INVESTOR CENTRE

View our most recent RNS announcements and Press Releases, as well as detailed share price data and information on the Company’s key contacts and advisers.

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    In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the common shares in the capital of the Company mentioned in the materials (the “Common Shares“) by the Company would be made, directly or indirectly, in or into, the United States, South Africa, Canada, Australia and Japan.

    The information contained in this website, including any materials you may hereafter access, does not constitute, and may not be used for the purposes of, an offer to sell or an invitation or the solicitation of an offer or invitation to subscribe for or buy, any Common Shares by any person in any jurisdiction (i) in which such offer or invitation is not authorised; (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) in which, or to any person to whom, it is unlawful to make such offer, solicitation or invitation.

    The distribution of the materials and the offering of the Common Shares in certain jurisdictions may be restricted. Accordingly, persons who obtain access to the materials are required to inform themselves about, and to observe any restrictions as to the offer or sale of Common Shares and the distribution of, the materials under the laws and regulations of any territory, including obtaining any requisite governmental or other consent and observing any other formality prescribed in such territory. The Company does not accept any responsibility for any violation of any of these restrictions by any other person.

    The Common Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act“), or the securities laws of any state or other jurisdiction of the United States or qualified for sale under applicable securities laws of South Africa, Canada, Australia and Japan. Subject to certain exceptions, the Common Shares may not be offered, sold, resold, reoffered, pledged, transferred, distributed or delivered, directly or indirectly, within, into or in the United States or to or for the account or benefit of U.S. persons (as defined in Rule 902 under the Securities Act) or to persons in the United States, Australia, Canada (other than pursuant to exemptions from the prospectus requirement under Canadian securities legislation) or Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction.

    If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

    Access to electronic versions of these materials is being made available on this webpage by Zenith Energy Ltd. in good faith and for information purposes only. Any person seeking access to this webpage represents and warrants to Zenith Energy Ltd. that they are doing so for information purposes only. Making press announcements and other documents available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy Common Shares in Zenith Energy Ltd. Further, it does not constitute a recommendation by Zenith Energy Ltd or any other party to sell or buy Common Shares in Zenith Energy Ltd.

    Electronic versions of these materials are not directed at or accessible by persons located in the United States, South Africa, Australia and Japan or any other restricted jurisdiction.

    I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms. By clicking on the “Accept” button, I confirm that I am permitted to proceed to electronic versions of these materials.

  • DISCLAIMER

    PLEASE READ THIS NOTICE CAREFULLY, AS IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBPAGE. PLEASE NOTE THAT THE DISCLAIMER SET OUT BELOW MAY BE ALTERED OR UPDATED. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE SITE.

    ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBPAGE BY THE COMPANY IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY.

    Viewing the materials you seek to access may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view such materials. Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

    In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the common shares in the capital of the Company mentioned in the materials (the “Common Shares“) by the Company would be made, directly or indirectly, in or into, the United States, South Africa, Canada, Australia and Japan.

    The information contained in this website, including any materials you may hereafter access, does not constitute, and may not be used for the purposes of, an offer to sell or an invitation or the solicitation of an offer or invitation to subscribe for or buy, any Common Shares by any person in any jurisdiction (i) in which such offer or invitation is not authorised; (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) in which, or to any person to whom, it is unlawful to make such offer, solicitation or invitation.

    The distribution of the materials and the offering of the Common Shares in certain jurisdictions may be restricted. Accordingly, persons who obtain access to the materials are required to inform themselves about, and to observe any restrictions as to the offer or sale of Common Shares and the distribution of, the materials under the laws and regulations of any territory, including obtaining any requisite governmental or other consent and observing any other formality prescribed in such territory. The Company does not accept any responsibility for any violation of any of these restrictions by any other person.

    The Common Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act“), or the securities laws of any state or other jurisdiction of the United States or qualified for sale under applicable securities laws of South Africa, Canada, Australia and Japan. Subject to certain exceptions, the Common Shares may not be offered, sold, resold, reoffered, pledged, transferred, distributed or delivered, directly or indirectly, within, into or in the United States or to or for the account or benefit of U.S. persons (as defined in Rule 902 under the Securities Act) or to persons in the United States, Australia, Canada (other than pursuant to exemptions from the prospectus requirement under Canadian securities legislation) or Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction.

    If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

    Access to electronic versions of these materials is being made available on this webpage by Zenith Energy Ltd. in good faith and for information purposes only. Any person seeking access to this webpage represents and warrants to Zenith Energy Ltd. that they are doing so for information purposes only. Making press announcements and other documents available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy Common Shares in Zenith Energy Ltd. Further, it does not constitute a recommendation by Zenith Energy Ltd or any other party to sell or buy Common Shares in Zenith Energy Ltd.

    Electronic versions of these materials are not directed at or accessible by persons located in the United States, South Africa, Australia and Japan or any other restricted jurisdiction.

    I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms. By clicking on the “Accept” button, I confirm that I am permitted to proceed to electronic versions of these materials.