Payment for oil production

December 29, 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Payment for oil production 

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE:ZEN; OSE:ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that SOCAR has made a final payment of approximately US$480,000 to its local subsidiary in Azerbaijan for past oil production. 

 Further Information:

Notes to Editors: 

Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector, specifically in Africa. The Company's board of directors and senior management team have the experience and technical expertise to develop the Company successfully.