Montalbano

Montalbano

Concession Overview

The Montalbano concession is located in the province of Matera in the Basilicata Region.

The exploration permit is currently pending the submission and approval of a new exploration project for this concession.

Geologically, the concession is situated in the Bradanic foredeep, a narrow basin confined at the west by the allochthonous Apenine massif and at the south by the Apulian platform. The area is characterised by a strong sedimentary accumulation of the Plio-Pleistocene epoch up to a depth of 3000m. The overlaying lithology, comprised of shales and sandstones combined with the structural geometry, presents optimal conditions for the development of hydrocarbon deposits, where the shaly horizons play the dual role of source-rock and seal, and sandy levels become potential gas bearing reservoirs.

The concession area has been examined in the past by other companies. Historically, two wells have been drilled in the license area: Montesano 1 Dirwell, which tested gas in a sandy level of the Pleistocene called ‘S3’, and Timpa Rossa 1. Both wells did not achieve commercial natural gas production.

Zenith’s exploration project for this concession would include the drilling of a new well, ‘Fiume Cavone 1 Dir’, to achieve commercial production of natural gas in the sandy levels of the Pleistocene sedimentary accumulation.

The most recent reserves assessment assessed 3P reserves (proven, probable and possible) of 1.87 BCF.

License Details

Location Matera Province, Basilicata Region
Area 165.04 km2
Exploration permit expiry Awaiting renewal of exploration permit since 2011
Status Awaiting new exploration project to be approved my Government authorities
Working interest Canoel Italia S.R.L. (Operator) 57.15%
Cygam Energy Italia 42.85%
Reserves (3P) 1.87 BCF
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    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.

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  • 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.

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    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.

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  • 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.