Zenith Energy, the Africa and Middle East focused energy production and development company, today publishes its consolidated half-yearly unaudited financial results for the six months ended September 30, 2022.

Highlights:

• The Group generated revenues from oil and natural gas of CAD$11,571k (2021 - CAD$2,344k).
• During the six months ended September 30, 2022, the Company produced 90,591 barrels of oil from its Tunisian assets (2021 - 94,662 barrels)
• During the six months ended September 30, 2022, the Company sold 79,223 barrels of oil produced from its Tunisian assets (2021 - 67,916 barrels)
• During the six months ended September 30, 2022, the Company sold 5,309 MWh of electricity produced from its Italian assets (2021 - 2,792 MWh).
• During the six months ended September 30, 2022, the Company sold 5,623 mcf of natural gas produced from its Italian assets (2021 - 4,742 mcf).
• During the six months ended September 30, 2022, the Company sold 137 barrels of condensate produced from its Italian assets (2021 - nil).

Luca Benedetto, Chief Financial Officer of Zenith, commented:
"We are pleased to publish our unaudited half-year results which provide clear evidence of the outstanding performance of our Italian natural gas and electricity production operations.

As a management team we believe there are several potentially highly material growth catalysts to be achieved in the near-term following the successful implementation of our development strategy in Africa and the Middle East. 

We look forward to providing further information on our exciting progress in due course."