- Zenith Energy said it had achieved positive flow rates from a new well in Azerbaijan.

Flow testing of the C-37 well in the Jafarli oilfield recorded a production rate of about 285 barrels of oil per day.

The well was expected to generate annual revenue of about $5.5m, Zenith said.

Further stimulation of the well, which may include swabbing operations as well as the performance of nitrogen stimulation, may further increase the rate of production, it added.

At 8:17am: [LON:ZEN] Zenith Energy Ltd share price was +0.83p at 3.2p

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