ZENITH ENERGY (O&G) LTD

Global

Pledged£20000

Target£8000000

Raised0%

ZENITH ENERGY (O&G) LTD Overview

The primary focus of the Company is the development of large onshore oil & gas fields in countries that offer strong asset protection and a business atmosphere conducive to stable and profitable production activities.

Zenith operates the largest onshore oilfield in Azerbaijan through its fully owned subsidiary, Zenith Aran Oil Company Limited. The Company’s Italian subsidiary operates, or has working interests in, a number of concessions producing electricity, condensate and natural gas.

Zenith’s overarching strategy is to identify and rapidly seize opportunities in the onshore oil & gas sector. Specific attention is directed to fields formerly controlled by oil majors and state oil companies. These assets often have significant untapped potential and the capacity to produce sizeable volumes of oil & gas with technological investment and new management supervision.

Breakdown
Location: Global
Target: £8000000
Minimum Investment Amount £10000
Coupon %: 8% PA
Sector: Recycling / Energy
Visit Website Invest Now
Register to view
Please sign up to see
the full company overview
Sign Up

News updates of company

Details

Company Results (links open in a new window)
Date (document was filed at Companies House) Type Description (of the document filed at Companies House) View / Download (PDF file, link opens in new window)
21 Aug 2019 AA Total exemption full accounts made up to 31 March 2019
21 Mar 2019 CS01 Confirmation statement made on 8 March 2019 with no updates
08 Aug 2018 AA01 Current accounting period extended from 30 November 2018 to 31 March 2019
29 Mar 2018 TM02 Termination of appointment of Andrea Cattaneo as a secretary on 16 March 2018
08 Mar 2018 PSC01 Notification of Luca Benedetto as a person with significant control on 29 January 2018
08 Mar 2018 CS01 Confirmation statement made on 8 March 2018 with updates
08 Mar 2018 PSC07 Cessation of Andrea Cattaneo as a person with significant control on 29 January 2018
14 Feb 2018 TM01 Termination of appointment of Andrea Cattaneo as a director on 29 January 2018
08 Feb 2018 AP01 Appointment of Luca Benedetto as a director on 29 January 2018
29 Jan 2018 AD01 Registered office address changed from 48 Ebury Mews London SW1W 9NY England to Thomas House 84 Eccleston Square Office No 5 05 London SW1V 1PX on 29 January 2018
22 Nov 2017 NEWINC Incorporation
  • MODEL ARTICLES ‐ Model articles adopted (Amended Provisions)

Statement of capital on 2017-11-22
  • GBP 100

Zenith Energy is an international oil and gas production company triple listed on the London Stock Exchange Main Market (ZEN), TSX Venture Exchange (ZEE), and the Merkur Market of the Oslo Stock Exchange (ZENA:ME). United Kingdom, Canada, Italy, Azerbaijan.

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.

Zenith currently operates the largest onshore oilfield in Azerbaijan, with an 80% interest, following the signing of a 25-year Production Sharing Agreement with SOCAR (State Oil Company of the Azerbaijan Republic) in 2016.

The Company’s independently assessed 2P oil reserves for the duration of the PSA have been appraised as 31.7 million barrels of oil (2018 CPR) with an approximate undiscounted net value of US$2 billion.

Zenith plans to perform systematic drilling activities to achieve a production of 3,000 barrels per day by the close of 2020.

 

Risk Warning

Investors should be aware that there are risks to investing in shares of companies, especially if they are private companies as there may be little or no market for the shares to be traded and dividends are unlikely to be paid. Investments may go down as well as up and therefore investors may not recover their initial investment.

please click here to read the full risk warning

0

Backer(s)

£8000000

Total Pledges

0%

Funds Raised

Project Rewards

Risk Warnings

Investors should be aware there are risks to investing in securities of any company, especially if they are private companies not listed on a Recognised Investment Exchange, and there may be little or no opportunity to sell the securities easily should you need to do so. The value of your Investments can go down as well as up and therefore you may not recover some, or in extreme cases, any of the value of your initial investment.

Please read our full risk warning before deciding to invest and, if you are still unsure, seek the advice of a regulated financial adviser. Investments in these securities are NOT covered by the Financial Services Compensation Scheme (FSCS) nor would you have access to the Financial Ombudsman Service (FOS).