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Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 0.0
ZEE On Other Exchanges
As of 3:21 PM 08/25/15 All times are local (Market data is delayed by at least 15 minutes).

zenith energy ltd (ZEE) Snapshot

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52 Week High
09/3/14 - C$0.25
52 Week Low
08/5/15 - C$0.08
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zenith energy ltd (ZEE) Details

Zenith Energy Ltd. engages in the exploration for, development of, and production of petroleum and natural gas in Argentina and Italy. It also explores for oil and gas in Africa. The company was formerly known as Canoel International Energy Ltd. and changed its name to Zenith Energy Ltd. in October 2014. Zenith Energy Ltd. was incorporated in 2007 and is based in Calgary, Canada.

Founded in 2007

zenith energy ltd (ZEE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$123.9K
Chief Financial Officer, Director, Chairman o...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

zenith energy ltd (ZEE) Key Developments

Zenith Announces Amendment and Extension to Loan Agreement

Zenith Energy Ltd. announced that it has extended the terms of a previously announced loan from a private lender. An agreement was entered into on May 20, 2015, with an effective date of March 30, 2015, to amend the terms of the Loan and extend the maturity date from June 1, 2016 to August 30, 2016. Pursuant to the Amendment, Zenith will make repayments of principal and interest in the amount of $17,200 per month from June 1, 2015 to August 30, 2016, a $700,000 payment on November 30, 2015, a $1,000,000 payment on April 15, 2016 and a final payment of $389,597 on August 30, 2016.

Zenith Energy Ltd. Announces Changes to its Advisory Committee

Zenith Energy Ltd. announced the appointment of Mr. Francesco Salimbeni as a member of its Advisory Committee. The purpose of Zenith's Advisory Committee is to provide additional input to the Board so as to broaden and deepen the knowledge and insights available to the directors. This Committee brings together individuals with expertise relevant to the international oil and gas industry and with extensive knowledge of the financial, economic and geopolitical issues of energy producing countries and Enhanced Oil Recovery. Francesco Salimbeni is an Italian engineer with over 50 years of expertise in technical and management positions and a member of three Professional Associations, namely the Italian Order of Professional Engineers, I.D.A., the International Desalination Agency and the European Desalination Society (EDS). Francesco is credited for his knowledge in enhanced oil recovery, and during his mandate as Executive Vice President of RTR. At the same time, the company announced the resignation of Mr. Colin Russel from the Advisory committee as his work load has increased to the point where he could no longer guarantee the amount of time required to maintain his exceptional standard of devotion and advice.

Zenith Eyes Acquisitions

Zenith Energy Ltd. (TSXV:ZEE) is looking for acquisition opportunities. Zenith has appointed Francesco Salimbeni as a member of its advisory committee. Andrea Cattaneo, Chief Executive Officer and President of Zenith stated, "We are honored to welcome such a prominent figure from the worldwide oil & gas sector to our Advisory Committee, particularly in light of his expertise in Enhanced Oil Recovery. The Board looks forward to Francesco's contributions and advice regarding the Company's plans for growth and acquisitions."


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