CALGARY - Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), an international energy production and development company, has released its unaudited financial results for the six-month period ending September 30, 2024. The company reported a decrease in revenues from oil and natural gas to CAD$911k, down from CAD$1,362k in the same period of the previous year.
The production figures for the half-year show a decline in oil output from the company's Tunisian assets, with 1,471 barrels produced compared to 1,789 barrels in 2023. However, no sales of oil from the Tunisian assets were reported for either period. In contrast, the company's Italian assets saw an increase in sales, with 5,303 MWh of electricity and 6,357 mcf of natural gas sold during the six months, up from 4,350 MWh of electricity and 5,190 mcf of natural gas in the previous year. There were no sales of condensate from the Italian assets, a decrease from 120 barrels sold in 2023.
The interim results will be available on Zenith Energy's website and filed with the Financial Conduct Authority's National Storage Mechanism. The complete report can be viewed at the link provided in the press release.
Zenith Energy, with its strategic focus on developing proven revenue-generating assets and low-risk exploration in areas with existing production, operates across North Africa, the United States, and Europe. The company is listed on several stock exchanges, including the London Stock Exchange (LON:LSEG) Main Market, the Euronext (EPA:ENX) Growth of the Oslo Stock Exchange, and the Pink Markets of the OTC.
This financial update is based on a press release statement issued by Zenith Energy Ltd. and provides investors with a snapshot of the company's recent financial performance.
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