Zenith Energy, up 21% at 1p at the London Stock Exchange, was the top riser early doors after it agreed the first sale of its Tunisian oil production.
The company expects to receive around US$4.5mln from the sale of about 68,000 barrels of oil this month.
“The company will apply the significant additional funding towards accelerating our planned field development rehabilitation and drilling activities in Robbana and El Bibane, as well as within the Ezzaouia concession following agreement with our partners, to achieve a maximization of oil production in the near-term,” said Andrea Cattaneo, the chief executive officer of Zenith.
