Zenith Energy Ltd Appointment of Director (1507A)
22 March 2017 - 6:01PM
UK Regulatory
TIDMZEN
RNS Number : 1507A
Zenith Energy Ltd
22 March 2017
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Appointment of Director
Calgary, Alberta, March 22, 2017, Zenith Energy Ltd. ("Zenith"
or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed
international oil & gas production company, is pleased to
announce the appointment of Mr. Saadallah Al-Fathi as a
Non-Executive Director of the Company.
Mr. Saadallah Al-Fathi served as Head of the Energy Studies
Department, Organization of Petroleum Exporting Countries (OPEC) in
Vienna, Austria as well as OPEC Representative to the Executive
Council of the World Energy Council and Member of its Studies and
Developing Countries Committee. Following these high-profile
institutional positions Mr. Al-Fathi has served as an advisor to
several government and private entities as well as establishing
himself as an award-winning oil and gas industry researcher and
columnist. Mr. Al-Fathi has authored a number of research papers on
the oil & gas sector and was recently joint winner of the 2016
scientific research award of the Organization of the Arab Petroleum
Exporting Countries.
The Company also announces that the arrangement with Spinnaker
Management Resources Ltd. under which Mr. Andrew Morrison had been
providing board advisory services to the Company since July 2016
has now ceased by mutual agreement and that Mr. Morrison will not
join the Board of Directors as previously proposed. Zenith thanks
Mr. Morrison for his support during the admission process in London
and wishes him well in his future business endeavors.
Andrea Cattaneo, CEO of Zenith, commented:
"I am very pleased to welcome Saadallah Al-Fathi to Zenith's
Board of Directors. The addition of someone of this calibre and
experience evidences the ambition of the Company and further
enhances the skillset of Zenith's Board.
It is also worth noting that with today's announcement of Mr.
Al- Fathi's appointment the Company has further enlarged its
spectrum of cultural and linguistic diversity, with a total number
of ten languages now spoken by Directors. This is a recognised
strength of the Company's Board and gives Zenith an important
advantage in its ability to connect and engage with the many
diverse regions that offer oil & gas production
opportunities.
The Company has arrived at a key juncture in its development
with the transformational acquisition of the largest onshore field
in Azerbaijan in partnership with SOCAR (State Oil Company of the
Azerbaijan Republic). Whilst the rehabilitation and development of
this field is Zenith's primary objective going forward, the Company
is closely evaluating new opportunities for expansion.
Mr. Al-Fathi's considerable experience will play an important
role as the Company pursues its production objectives.
On behalf of Zenith's Board of Directors I thank Mr. Morrison
for his assistance and advice during our admission process to the
London Stock Exchange. I wish him all the best for his other
business activities and future projects."
For further information, please contact:
Zenith Energy Ltd.
José Ramón López-Portillo
Chairman of the Board
Andrea Cattaneo
CEO & President
E-mail: info@zenithenergy.ca
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Allenby Capital Limited - (Joint Broker)
Nick Harriss
Nick Athanas
Richard Short
Telephone: +44 (0) 203 328 5656
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: +44 (0) 203 137 1903
This information is provided by RNS
The company news service from the London Stock Exchange
END
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