Zenith Energy ( (GB:ZEN) ) just unveiled an update.
Zenith Energy Ltd. has announced the completion of the final hearings in the ICC-2 Arbitration against the Republic of Tunisia concerning the Sidi El Kilani concession. The arbitration was initiated by Zenith’s subsidiary, Canadian North Africa Oil and Gas Limited, due to alleged arbitrary actions by Tunisia that led to the termination of the SLK concession. Zenith is seeking approximately US$130 million in claims for lost production revenue and other breaches. The decision from the ICC Arbitral Tribunal is expected by the end of summer 2025.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company with operations in North Africa, the US, and Europe, focusing on energy production, exploration, and development. The company is listed on the London Stock Exchange, the Oslo Stock Exchange, and the OTC Pink Markets. Zenith’s strategy involves developing revenue-generating energy production assets and engaging in low-risk exploration activities.
YTD Price Performance: 74.74%
Average Trading Volume: 2,887,561
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £20.68M
For detailed information about ZEN stock, go to TipRanks’ Stock Analysis page.