Dette er en positiv utvikling for ZENA ,
The Republic of Tunisia has now formally recognised that the Robbana and El Bibane production concessions (the “Concessions”) are held by Zenith’s fully owned subsidiary, Ecumed Petroleum Tunisia Ltd (“EPT”).
Kanskje man får betalt for langsiktighet i aksjen… Det har vært en meget humpete vei, det er helt sikkert.
Viktig på et prinsipielt grunnlag, uansett ikke mange dagene igjen nå. Det er jo ikke noe nedside om denne saken ikke skulle føre frem,så dette regnes som bonus om det blir positivt resultat. Om de får til solcelleprosjektene, så vil jo denne aksjen reprises enormt i 2026.
Submission of Novazza EIA
April 16, 2026
ZENITH ENERGY LTD.
(“Zenith” or the “Company”)
Submission of Novazza EIA
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), is pleased to provide an update in connection with its two applications for exploration permits covering Italy’s two largest uranium deposits, located in the Lombardy region: the Val Vedello deposit in the Province of Sondrio (“Val Vedello”) and the Novazza deposit in the Province of Bergamo (“Novazza”).
Further to its regulatory news announcement dated November 11, 2025, the Company’s fully owned Italian subsidiary, Futuro Energetico Italiano S.r.l. (“FEI”), a special purpose vehicle established to hold and develop the Val Vedello and Novazza uranium projects in Italy, has now submitted a comprehensive Environmental Impact Assessment (“EIA”) - Valutazione di Impatto Ambientale (VIA) - to the Italian Ministry for Environment and Energy Security (MASE) for Novazza (the “Novazza EIA”).
Following submission, an ad hoc commission (Commissione Tecnica VIA) will now be established to evaluate the Novazza EIA in accordance with national and EU environmental regulations. This step marks the final requirement prior to the issuance of the exploration licence.
The approval process is expected to take approximately six months from the date of submission.
Here’s a clear English translation of the French text in your image:
Oil: the conflict between Canadian Zenith and Tunisia is escalating to Paris
Zenith has initiated several proceedings against Tunisia before the International Court of Arbitration of the International Chamber of Commerce (ICC), based in Paris.
It’s a battle that has been ongoing for four years between Tunisia and the Zenith group. After granting the Canadian company several oil permits, the North African state eventually decided to revoke these contracts. The company initiated several proceedings, including one in 2022 before the ICC arbitration court in Paris. Zenith claimed €130 million in compensation following the termination of its concession at the Sidi El Kilani site. But on January 11, the arbitral tribunal dismissed its claims and even ordered it to pay €675,000 in procedural costs as well as €90,000 to Tunisia.
Far from giving up, Zenith requested on September 15 the annulment of this decision before the Swiss Federal Tribunal and, according to our information, the group has not stopped there. The Canadian North Africa Oil & Gas (CNAOG), a subsidiary of the oil group, has in fact filed a complaint with the Public Prosecutor of the Republic against Paris-based lawyer Cecilia Carrara, president of the arbitral tribunal that ruled differently. This could revive already strong tensions between the two parties. In a previous arbitration, held in 2024, the Tunisian state and the Canadian company split victories, allowing the latter to obtain $9.7 million, while a third case—in which Zenith is claiming $572 million—is ongoing before the International Centre for Settlement of Investment Disputes (ICSID).
The complaint filed in Paris, where the arbitration took place, opens a new front in this already dense case. Led by lawyer Jean-Baptiste Soufron from the FPWA firm, it highlights the involvement of the Italian lawyer and raises questions about the “links” she allegedly maintained with the Tunisian Republic. According to documents consulted by l’Informé , these connections could constitute acts of passive corruption and abuse of trust. The lawyer’s participation in November 2023 in a “training on arbitration practice and advisory in arbitration,” organized in Tunis by the Ifritya Arbitration Forum, SOAS University of London, and the Tunisian National Committee of the International Chamber of Commerce, is raising concerns within the oil company.
Collapse in turnover
At this stage, the arbitration procedure has already been underway. Several participants and organizers of this training had close ties with Tunisian authorities, some even representing the North African state’s interests in the various cases opposing Zenith. All of these elements, according to the energy group, should have been disclosed to the parties and the ICC. These same concerns are also central to the appeal brought before the Swiss Federal Tribunal.