Zenith Energy (GB:ZEN) has released an update.
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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.
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