Zenith Energy Ltd (LON:ZEN), the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, announced today that all of the resolutions presented before shareholders at the Company’s AGM were duly passed.
Non-executive Director, Mr. Saadallah Al-Fathi, did not stand for re-election and retired from the Board of Directors to focus on other business activities.
The convening of the AGM for the year ended March 31, 2018, had been communicated by the Company via regulatory announcement on May 29, 2019.
Zenith Energy’s primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company’s Italian operations produce natural gas, condensate and electricity.