- Zenith Energy said it had begun a reservoir engineering study to optimise production from active and shut-in wells across the Muradkhanli, Jafarli and Zardab oilfields in Azerbaijan.

The findings of the work would complement two geological studies previously completed by the company.

The scope of the previous studies was focused on the selection of infill drilling locations in preparation for the beginning of drilling activities in Azerbaijan.

'The primary goal of the reservoir study will be the achievement of a material improvement in Zenith's understanding of its reservoir base in order to perform well interventions, including sidetracks and perforations, that might unlock significant reserves in historically highly productive wells,' the company said.

'The study will also result in the creation of a fully digitalised database that will incorporate all existing printed reservoir data.'

At 9:05am: [LON:ZEN] Zenith Energy Ltd share price was -0.05p at 3.6p

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