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Zenith Energy

Description

Established in 2007 and listed on the Toronto Stock Exchange in 2008, Zenith was admitted to the London Stock Exchange in 2017 following the Company’s transformational Rehabilitation, Exploration, Development and Production Sharing Agreement with SOCAR (State Oil Company of the Azerbaijan Republic) for the largest onshore oilfield in Azerbaijan.

The primary focus of the Company is the acquisition of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities.

Zenith operates the largest onshore oilfield in Azerbaijan through its fully owned subsidiary, Zenith Aran Oil Company Limited. The Company’s Italian subsidiary, Canoel Italia S.R.L., operates or has working interests in a number of concessions producing electricity, condensate and natural gas.

Zenith’s overarching strategy is to identify and rapidly seize opportunities in the onshore oil & gas sector. Specific attention is directed to fields formerly controlled by oil majors and state oil companies. These assets often have significant untapped potential and the capacity to produce sizeable volumes of oil & gas with technological investment and new management supervision.

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