Zenith Energy Presses Swiss Court to Annul Tunisia Arbitration Ruling Over SLK Concession

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

Zenith Energy has provided an update on its bid to annul an adverse ICC arbitration award related to the SLK concession dispute with the Republic of Tunisia, pursued via its subsidiary Canadian North Africa Oil and Gas before the Swiss Federal Supreme Court. The company alleges serious procedural irregularities and undisclosed connections between two arbitrators, including the tribunal chair, and is seeking relief over claims of about US$130 million tied to lost production, crude allocations and a blocked renewal interest in the concession.

Zenith says Tunisia failed to file a timely response to the annulment application and instead challenged the Swiss court’s jurisdiction, arguing the case should be heard domestically, which Zenith frames as part of a broader pattern of delay and non-payment. A decision from the Swiss court is typically expected within six to nine months of filing, and the outcome could materially affect Zenith’s ability to recover claimed damages and may influence perceptions of investment and arbitration risk in Tunisia’s energy sector.

The most recent analyst rating on (GB:ZEN) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on Zenith Energy stock, see the GB:ZEN Stock Forecast page.

More about Zenith Energy

Zenith Energy Ltd. is an independent, revenue-generating energy producer focused on production, exploration and development assets in North Africa, the U.S. and Europe. Listed in London, Oslo and on Sweden’s Spotlight market, the company targets proven, cash-generating fields complemented by low-risk exploration in assets with existing output.

Average Trading Volume: 1,040,211

Technical Sentiment Signal: Sell

Current Market Cap: £26.62M

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