Zenith Energy - Feb. 2022 investor presentation

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ZEN 22.02.2022 kl 10:56 443

https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2022/02/ZENITH-FEb-22.pdf

CONGO
Potential award of new 25- year Tilapia II licence in the Republic of the Congo
Potential positive decision in court action against SMP, a French drilling contractor, to
recover costs in excess of US$3 million.
Potential repayment of USDS$5.7 million owed to AAOG Congo by SNPC.
Zenith expects to obtain the repayment of this amount.

TUNISIA
Planned enlargement of Tunisian portfolio by way of additional 22.5% working interestr in SLK concession.
Potential additional acquisition of additional production assets.
Planned sale of 114,000 barrels of crude oil ias of March 31, 2022.

Robbana Concession.
Drilling of Rob-3 to reach target depth of approx. 2,500 metres, expected to commence in June 2022.

Ezzaouia Concession.
Drilling of two sidetracks in non-producing wells with the objective of reaching a gross production from the concession of 1,000 BOPD.

AFRICA/MENA
Potential acquisition of a large ‘company-making’ oil production and development asset in Africa/ MENA region.

ITALY
Enrichment of Italian energy production portfolio by way of acquisition of additional energy production and development assets.
Plans to further increase production and record profitability of electricity production at Torrente Cigno concession.
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