Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Zenith Energy Ltd    ZEN   AU000000ZEN5

ZENITH ENERGY LTD

(ZEN)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Zenith Energy : starts drilling operations at C-37 well onshore Azerbaijan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2019 | 02:41am EDT

Baku, Azerbaijan, Aug.14

By Leman Zeynalova - Trend:

Canada’s Zenith Energy company, operator for development of Azerbaijan’s Muradkhanli-Jafarli-Zardab block of oil fields, has started drilling operations at C-37 well of Jafarli field, Trend reports citing the company.

“Zenith Energy Ltd., the international oil and gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that drilling operations at well C-37 of the Jafarli oil field have commenced,” said the company.

The company will provide further updates as appropriate in accordance with operational progress.

Azerbaijan’s state oil company SOCAR and Zenith Aran Oil Company signed a Rehabilitation, Exploration, Development and Production Sharing Agreement (REDPSA) in March 2016 for a block that includes the Muradkhanli, Jafarli and Zardab oil fields. Zenith Energy Ltd established its subsidiary company Zenith Aran Oil Company Ltd for production operations in these three fields. Production under the agreement began in August 2016.

Zenith holds an 80-percent participating interest in the three fields within the contract area, while SOCAR retains the remaining 20 percent. The agreement is for 25 years, with a potential extension by five additional years.

The total area of the Muradkhanli, Jafarli and Zardab fields is 642.2 square kilometers, and according to the contract, it is divided into rehabilitation and exploration territories.

The Muradkhanli-Jafarli-Zardab block is located in the Yevlakh-Agjabadi oil and gas region of Imishli district of Azerbaijan. The Muradkhanli field was discovered in 1971, Jafarli - in 1984, and Zardab - in 1981.

---

Follow the author on Twitter: @Lyaman_Zeyn

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ZENITH ENERGY LTD
08/15ZENITH ENERGY : issues 47,812,500 common shares
AQ
08/15ZENITH ENERGY : eyes to increase oil output to 1,000 bpd onshore Azerbaijan
AQ
08/15ZENITH ENERGY : reduces interest rate for two trade finance facilities in Azerba..
AQ
08/14ZENITH ENERGY : starts drilling operations at C-37 well onshore Azerbaijan
AQ
08/13ZENITH ENERGY : reduces interest rate for two trade finance facilities in Azerba..
AQ
08/06ZENITH ENERGY : downs oil sales from Azerbaijani assets
AQ
08/06ZENITH ENERGY : to raise proceeds for well deepening onshore Azerbaijan
AQ
08/06ZENITH ENERGY : starts well deepening operations at Azerbaijan's Jafarli field
AQ
08/06ZENITH ENERGY : to spend $3.5 M for upgrading work at Azerbaijani fields
AQ
08/05ZENITH ENERGY : reduces interest rate for two trade finance facilities in Azerba..
AQ
More news
Financials (AUD)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 -
Capi. / Sales2020 -
Capitalization 83,7 M
Chart ZENITH ENERGY LTD
Duration : Period :
Zenith Energy Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ZENITH ENERGY LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,56  AUD
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Hamish Moffat Managing Director & Director
Doug Walker Executive Chairman
Rebecca Stringer-Krein Chief Financial Officer & Joint Secretary
Darren Smith Independent Non-Executive Director
Peter Patrick Torre Joint Secretary
Sector and Competitors
1st jan.Capitalization (M$)
ZENITH ENERGY LTD-12.50%58
CHINA YANGTZE POWER CO.19.96%58 927
INNOGY SE6.95%26 834
TENAGA NASIONAL BHD--.--%18 602
MERIDIAN ENERGY LTD--.--%7 844
GD POWER DEVELOPMENT CO.-5.08%6 845