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Zenith completes AAOG acquisition

Zenith Energy on 5 May announced completion of the acquisition of Anglo African Oil & Gas Congo from its AIM- listed parent company. AAOG Congo operates the Tilapia oilfield with a 56% interest. The terms of the acquisition were amended in April so that Zenith acquired a 56% interest in Tilapia, plus $5.3m in receivables owed by Société Nationale des Pétroles du Congo, for just £200,000.

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