FINWIRES · TerminalLIVE
FINWIRES

$ZEN.L

5 stories mentioning ZEN.L

Every FINWIRES story that references ZEN.L, newest first.

Equities

Zenith Energy Agrees $4 Million Sale of Onshore Drilling Rig

Zenith Energy (ZEN.L, ZENA.OL) agreed to sell its onshore drilling rig to a Philippines-based company operating in the oil and gas sector.The energy production company said Friday the $4.3 million sale of the ZEN-260 rig will improve its financial position and secure funding to boost development of its Italian solar portfolio.The deal received clearances from the relevant authorities in the Philippines, with the rig's import into the country scheduled for July.

$ZEN.L$ZENA.OL
Equities

Zenith Energy Advancing Spin-out of Italian Uranium Exploration Business

Zenith Energy (ZENA.OL, ZEN.L) said Thursday the spin-out of its Italian uranium exploration business into a European-focused investment company, Reveille Resources, is progressing.The energy company noted that its unit Canoel Italia transferred exploration license applications for two uranium deposits in Lombardy, Italy, to a special purpose vehicle, Futuro Energetico Italiano, set up to hold and develop the licenses.Zenith Energy has formalized plans to spin out Futuro Energetico Italiano to Reveille and apply for listing on the Acquis Growth Market in London.

$ZEN.L$ZENA.OL
Equities

Zenith Energy Secures Funds via Private Placements, Convertible Loan Facility

Zenith Energy (ZENA.OL, ZEN.L) said Tuesday it raised funds through private placement offers in the UK and Norway, settled debt, and secured a convertible loan facility.The energy company noted that it raised 35,653,000 Norwegian kroner from its offering of 40,979,839 shares in Norway, and 250,000 pounds sterling from selling 3,629,764 shares in the UK. Additionally, it issued 20,964,527 shares to settle its debt worth 18.2 million kroner.Admission of the shares on the London bourse's main market is expected on May 5. Meanwhile, the 12-month loan facility will be worth up to 2 million pounds and have a 5% yearly interest rate, with a repayment date of April 27, 2027.Proceeds were earmarked for its subsidiaries' international arbitration proceedings, the expansion of its solar energy portfolio, its environmental impact assessments, potential investments, and general working capital.

$ZEN.L$ZENA.OL
Equities

Zenith Energy Unit Submits Environmental Impact Assessment for Uranium Deposit in Italy

Zenith Energy (ZENA.OL, ZEN.L) unit Futuro Energetico Italiano submitted an environmental impact assessment for the Novazza uranium deposit in Bergamo, Italy.The assessment, which is the final requirement for an exploration license, was submitted to the Italian Ministry for Environment and Energy Security, according to a Thursday release. The approval process is expected to take six months.Meanwhile, the energy production and development company secured an extension to submit the environmental impact assessment for the Val Vedello deposit in Sondrio, Italy, until July 15.

$ZEN.L$ZENA.OL
Equities

Zenith Energy Says Tunisia Acknowledges Concessions Ownership, Oil Output

Zenith Energy (ZENA.OL, ZEN.L) said Tuesday that Tunisia acknowledged that the Robbana and El Bibane production concessions and the oil produced under the concessions are held by the former's Ecumed Petroleum Tunisia unit.The North African country made the submissions as part of the ongoing arbitration proceedings before the International Centre for Settlement of Investment Disputes, initiated by Zenith's subsidiaries, according to a Tuesday release.The 3,987 barrels of oil produced from the concessions remain unsold since 2022 due to repeated obstructions by Tunisian authorities, the energy production and development company said. Zenith also claims that the Robbana production concession site has been non-operational for the past year due to vandalism and theft, and will require a rehabilitation program to resume operations.

$ZEN.L$ZENA.OL
ZEN.L News | FINWIRES