Zenith Energy Ltd. (V:ZEE*CA)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: Banker's Court, 850 2 St SW 15th Floor
Tel: N/A
Website: zenithenergy.ca
IR: See website
Key People
Andrea Cattaneo
President, Chief Executive Officer, Director
Luca Benedetto
Chief Financial Officer
Business Overview
Zenith Energy Ltd. focuses on the acquisition and development of onshore oil and gas fields. The Company's oil and gas reserves are located in Argentina, Azerbaijan and Italy. The Company's products include light and medium oil, including solution gas and other byproducts; heavy oil, including solution gas and other byproducts, and natural gas, including byproducts. The Company's oil wells are located onshore in two oil fields: Alberto and Don Ernesto, Chubut Province of Argentina. There are approximately 20 producing oil wells and over 10 non-producing wells. The Company's gas wells are located onshore in six concessions of Italy: Lucera, Masseria Acquasalsa, Misno Adriatico, San Andrea, San Mauro, and Torrente Cigno. Each concession has a producing well except Lucera concession, which has over two producing wells. The Company holds over five additional concessions in Italy. The Company also has interests in over two exploration permits and two exploration applications in Italy.
Financial Overview
For the six months ended 30 September 2019, Zenith Energy Ltd revenues decreased 35% to C$2.7M. Net loss applicable to common stockholders decreased 40% to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Interest expense decrease of 85% to C$56K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $27.78M as of Sep 30, 2019
Annual revenue (TTM): $5.11M as of Sep 30, 2019
EBITDA (TTM): -$6.04M as of Sep 30, 2019
Net annual income (TTM): -$8.46M as of Sep 30, 2019
Free cash flow (TTM): -$23.02M as of Sep 30, 2019
Net Debt Last Fiscal Year: $8.00M as of Sep 30, 2019
Shares outstanding: 415,297,605 as of Nov 11, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization