StockMarketWire.com - Zenith Energy said production from its wells in Azerbaijan was hurt in the third quarter after it received a faulty treatment chemical.

Production from a number of wells was also suspended as a result of field rehabilitation operations, specifically the installation of electrical submersible pumps and well interventions.

During the three and nine months ended December 31, the company produced 22,317 and 70,271 barrels of oil from its assets in Azerbaijan, respectively.

'Although we have faced some operational challenges in recent months, I believe these are now being successfully addressed and the company has a very exciting development journey ahead,' chief executive Andrea Cattaneo said.

'Accordingly, I look forward to announcing increased production revenue in the next set of quarterly results as we improve well performance and look to grow our daily production levels.'








At 10:00am: [LON:ZEN] Zenith Energy Ltd share price was -0.45p at 7.55p



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