Zenith Energy (LON: ZEN) CEO Andrea Cattaneo joins DirectorsTalk to discuss the acquisition of Coro Energy’s entire natural gas production and exploration portfolio in Italy. Andrea talks us through the highlights, explains how the group will benefit and what investors can expect for the remainder of the year.
Zenith Energy Ltd. is an international oil and gas production company which 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.