Zenith Energy Ltd Update on workover of ROB-1 (4044N)
May 31 2022 - 5:55AM
UK Regulatory
TIDMZEN
RNS Number : 4044N
Zenith Energy Ltd
31 May 2022
May 31, 2022
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Update on workover of ROB-1
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE:
ZENA), the listed international energy production and development
company, is pleased to provide an update on operations in well
ROB-1 ("ROB-1") of the Robbana concession (onshore Tunisia).
Zenith can confirm that Schlumberger logging operations
performed in ROB-1 have evidenced major corrosion in the casing and
a lack of cementing in the location of previous perforations
performed in 1988 being the cause of water ingress in the
wellbore.
To remedy the above, the Company has retrieved the old packer
installed in ROB-1, and now successfully set a new packer supplied
by Weatherford in ROB-1 at a higher depth.
The Company plans to start rigging down the workover unit today,
with a view to running the recently acquired Weatherford sucker
pump back into ROB-1 during the next 48-72 hours. Production from
ROB-1 is planned to recommence on June 8, 2022, with stablished
production expected to be achieved on or before June 18, 2022.
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
Alternative Resource Capital
- Broker Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
Alex Wood
Keith Dowsing
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Notes to Editors :
Zenith Energy Ltd. is an international oil, gas, and electricity
production company, listed on the London Stock Exchange Main Market
(LSE: ZEN) and the Euronext Growth Market of the Oslo Stock
Exchange (OSE: ZENA).
Zenith's growth strategy is to successfully develop its existing
portfolio of energy production assets in Italy and Africa, as well
as to proactively identify and complete any additional
value-accretive development opportunities in these regions.
Follow us on LinkedIn:
https://www.linkedin.com/company/zenith-energy-limited/
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END
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