Zenith Energy Update


Please see the below update on Zenith Energy LTD.

With global oil prices surging 26% to their greatest levels since 2008, fuelled first by a global reopening of Covid-scarred economies and then compounded by Russia's invasion of Ukraine, global oil prices have risen to their highest levels since 2008. Gas prices in the United States have risen by more than 60 cents in a week, reaching new highs.

In the middle of this, Zenith Energy LTD's stock has risen by 33%, and the company is now producing record sales and profits!

  • The Company is currently generating record revenues and profitability.

  • The fixed income bond has less than 2 years left to maturity in January 2024.

  • There is no correlation between Zenith Energy Notes and other leading or capital markets.

  • A total production capacity of around 600 BOPD throughout the portfolio.

  • By the end of 2022, the Company plans to increase output to 5,000 BOPD by expanding its portfolio through drilling and work over activities, as well as potentially purchasing additional properties.

  • As of March 31, 2022, it will have about 114,000 barrels of crude oil in stock net to Zenith in Tunisia, based on current production rates from its newly expanded portfolio.

Zenith Energy LTD Senior Corporate Notes 2024 Summary:

Yearly Coupon: USD=10.375%, GBP=10.50%, EURO=10.125%

Payment Term: Paid Semi-annually (2 Years Left to Maturity)

Liquidity: Freely transferable, daily traded

Rating (BCRA): B- with Positive Outlook

Rating (RAEX-Europe): B with Stable Outlook

Availability: Securities are available to Retail Investors LSE

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