Half-year Results

In brief · summary, not quotable

Half-year revenues fell to CAD$911k from CAD$1,362k; oil production and sales declined.

Revenue CAD$911k (prior CAD$1,362k)
Oil production (Tunisia) 1,471 barrels (prior 1,789 barrels)
Electricity sold (Italy) 5,303 MWh (prior 4,350 MWh)
Natural gas sold (Italy) 6,357 mcf (prior 5,190 mcf)

Full announcement

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Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), the listed international energy production and development company, is pleased to publish its consolidated half-yearly unaudited financial results for the six months ended September 30, 2024 (the "Interim Results").

The Interim Results will shortly be published on the Company's website (www.zenithenergy.ca) and filed on the FCA National Storage Mechanism.

A copy of the Interim Results can be viewed in full here:

Highlights:

Highlights for the six months ended September 30, 2024, include the following:

The Group generated revenues from oil and natural gas of CAD$911k (2023 - CAD$1,362k).
During the six months ended September 30, 2024, the Company produced 1,471 barrels of oil from its Tunisian assets (2023 - 1,789 barrels)
During the six months ended September 30, 2024, the Company sold Nil barrels of oil produced from its Tunisian assets (2023 - Nil barrels)
During the six months ended September 30, 2024, the Company sold 5,303 MWh of electricity produced from its Italian assets (2023 - 4,350 MWh).
During the six months ended September 30, 2024, the Company sold 6,357 mcf of natural gas produced from its Italian assets (2023 - 5,190 mcf).
During the six months ended September 30, 2024, the Company sold Nil barrels of condensate produced from its Italian assets (2023 - 120).

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.