Gunsynd PLC Zenith Energy Ltd (9172T)
January 11 2017 - 6:13AM
UK Regulatory
TIDMGUN
RNS Number : 9172T
Gunsynd PLC
11 January 2017
Gunsynd plc
("Gunsynd" or the "Company")
Zenith Energy Ltd
Further to the announcement made by the Company on 10(th)
January 2017, the Board of Gunsynd (AIM: GUN, ISDX: GUN) is pleased
to note the successful listing today of Zenith Energy Ltd
("Zenith") onto the standard listing segment of the Official List
on the London Stock Exchange's under the ticker symbol "ZEN"
("Listing").
Zenith is a Canadian oil & gas exploration and production
company and is also listed on the TSX Venture Exchange with the
ticker ZEE.
Zenith operates onshore oil fields in Azerbaijan through its
fully owned subsidiary, has oil fields in Argentina and significant
gas producing assets in Italy. The Company's Italian operations
also include the production of electricity and condensate.
The Company's total investment in Zenith, at cost, is now
approximately GBP524,000.
Commenting on Zenith's Listing, Hamish Harris, executive
Chairman of the Company, said:
"We are very pleased with the performance so far of our
investment and eagerly look forward to more news from Zenith in the
future, particularly with respect to its Azerbaijan asset which we
believe to contain significant potential in terms of near and
medium term production."
The directors of Gunsynd accept responsibility for this
announcement.
For further information please contact:
Gunsynd plc:
+44 (0) 20 7440 0640
Hamish Harris
Nominated Adviser/NEX Exchange Corporate Adviser:
+44 (0) 20 7213 0880
Cairn Financial Advisers LLP
James Caithie / Liam Murray
Peterhouse Corporate Finance (Joint Broker)
+44 (0)20 7469 0930
Lucy Williams
This information is provided by RNS
The company news service from the London Stock Exchange
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January 11, 2017 06:13 ET (11:13 GMT)