Zenith Energy (GB:ZEN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zenith Energy Ltd. reports progress in its legal battle against SMP Energies over drilling service failures at the Tilapia oilfield, with a recent appellate court decision favoring Zenith’s fully owned subsidiary AAOGC and an upcoming final court submission scheduled for October 2024. The company is optimistic about a potential favorable ruling in March 2025 to recover significant commercial damages, and has appointed new legal counsel to strengthen its case.
For further insights into GB:ZEN stock, check out TipRanks’ Stock Analysis page.
