Zenith Energy Signs Exclusivity Deal for Central Asian Assets
Calgary-headquartered Zenith Energy Ltd., an international energy production and exploration company, has entered into an exclusivity agreement for the acquisition of various production and exploration licences in a Central Asian country. The proposed acquisition envisages Zenith acquiring a combined total acreage covering approximately 3,600 square kilometres. Specifically, these include production areas covering approximately 550 square kilometres, exploration areas covering approximately 3,050 square kilometres, and low-cost existing production of approximately 250 barrels of oil per day. The company will provide an update regarding the progress of the proposed acquisition once the due diligence process has been completed.