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Investegate |Zenith Energy Ltd Announcements | Zenith Energy Ltd: Extension of KUFPEC acquisition & coupon payments

Investegate |Zenith Energy Ltd Announcements | Zenith Energy Ltd: Extension of KUFPEC acquisition & coupon payments
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

Work to begin on well after deal - ARAB TIMES

Talks with Malaysia on: KUFPEC KUWAIT CITY, May 10: The CEO of the Kuwait Foreign Petroleum Exploration Company (KUFPEC) Sheikh Nawaf Saud Al-Sabah told MEED Magazine that the company is negotiating with the Malaysian government on the financial terms related to a major gas discovery off the coast of Malaysia, reports Al-Anba daily. In February, KUFPEC announced its largest ever discovery of hydrocarbons by drilling a well about 90 kilometers off the Malaysian coast. In an interview with MEED Magazine, Sheikh Nawaf explained that the work on the initial engineering designs for the development of the well will begin once the financial terms are agreed upon.

Zenith Energy Ltd (LSE:ZEN) | RNS | Zenith Energy Ltd - Extension of SPA for SLK acquisition from KUFPEC

Zenith Energy Ltd (LSE:ZEN) | RNS | Zenith Energy Ltd - Extension of SPA for SLK acquisition from KUFPEC
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Zenith announces extension of SPA for acquisition of SLK from KUFPEC, Tunisia

Zenith Energy, the international oil & gas production company focused on pursuing African development opportunities announced its wholly owned subsidiary Zenith Netherlands, signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC Tunisia, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait s national oil company, for a participation in, inter alia, the North Kairouan permit and the Sidi El Kilani Concession (the Tunisian Acquisition), which includes the Sidi El Kilani oilfield (SLK). KUFPEC holds an undivided 22.5% interest in the Tunisian Acquisition, together with 25 Class B shares in Compagnie Tuniso-Koweito-Chinoise de Pétrole (CTKCP), the operator, representing 25% of the issued share capital of the company.

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