(TheNewswire)
April 12, 2019 / TheNewswire / Calgary, AB - Zenith
Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company
operating the largest onshore oilfield in Azerbaijan, is pleased to announce that its Chief
Executive Officer & President, Mr. Andrea Cattaneo, has advised the Company that he purchased a total of 450,000 common shares
of no par value ("Common Shares") in the capital of the Company at a total average
price of GBP0.0305 per Common Share.
He purchased a total of 150,000 common shares at a price of GBP0.0315 per Common Share on
April 9, 2019, and 300,000 common shares at a total average price of GBP0.03
per Common Share on April 10, 2019.
Following the aforementioned dealings, Mr. Cattaneo is directly
beneficially interested in a total of 20,059,622 Common Shares in the capital of the Company,
representing 8.22 per cent of the total issued and outstanding common share capital of the Company admitted to trading on the
Main Market of the London Stock Exchange, and representing 6.73 per cent
of the total issued and outstanding common share capital of the Company admitted to trading on the TSX Venture Exchange and Merkur
Market of the Oslo Børs.
As announced on December 15, 2017, Mr. Cattaneo is indirectly interested in a total of
1,250,000 Common Shares, today representing 0.51 per cent of the Company's issued and
outstanding common share capital admitted to trading on the Main Market of the London Stock Exchange, and representing 0.42 per cent of the total issued and outstanding common share capital of
the Company admitted to trading on the TSX Venture Exchange and Merkur Market of the Oslo Børs.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information:
Zenith Energy Ltd
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Tel: +1 (587) 315 9031
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Andrea Cattaneo, Chief Executive Officer
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E-mail: info@zenithenergy.ca
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Optiva Securities - Joint Broker
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Tel: + 44 (0) 203 981 4179
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Christian Dennis
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Jonathan Brown
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Peterhouse Capital - Joint Broker
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Tel: + 44 (0) 207 469 0930
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Lucy Williams
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Charles Goodfellow
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Allenby Capital Limited - Financial Adviser
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Tel: + 44 (0) 203 328 5656
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Nick Harriss
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Nick Athanas
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IFC Advisory - Financial PR & IR
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Tel: + 44 (0) 203 934 6630
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Graham Herring
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Miles Nolan
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Zach Cohen
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Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the TSX Venture
Exchange (TSX.V:ZEE) and London Stock Exchange (LSE:ZEN). In addition, the Company's common share capital was admitted to trading
on the Merkur Market of the Oslo Børs (ZENA:ME) on November 8, 2018. The Merkur Market is a multilateral
trading facility owned and operated by the Oslo Børs.
The Company was assigned a medium to long-term issuer credit rating of "B+ with Positive Outlook" on
October 8, 2018 by Arc Ratings, S.A.
The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year
REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Republic
of Azerbaijan, in 2016.
The Company's primary focus is the development of its Azerbaijan operations by leveraging its
technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme
intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas
production concessions in Italy. The Company's Italian operations produce natural gas, condensate and electricity.
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon
production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the
experience and technical expertise to develop the Company successfully.
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