Added to YB: 2026-05-01
Pitch date: 2026-04-29
ZEN.L [neutral]
Zenith Energy Ltd.
-13.33%
current return
Author Info
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Company Info
Zenith Energy Ltd., together with its subsidiaries, engages in the exploration, development and production of oil and natural gas in Tunisia, Italy, and internationally.
Market Cap
GBP 81.0M
Pitch Price
GBP 0.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.80
P/E
-67.08
EV/Sales
56.74
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Zenith Energy: Admitted Corruption, and a Firing
ZEN.L (update): Tunisia dismissed Energy Minister Fatma Chiboub post-ICSID hearing on $580M claim. President Saeid admitted corruption exists, aims to remove it. Tunisia already acknowledged withholding Robbana & Bibane concessions (Apr 14). Timing suggests hearing may have exposed policy weaknesses despite ICC2 win. Potential scapegoat or genuine reform unclear.
Read full article (2 min)