Mr. Zen
1 month ago
This one may be turning the corner,needs volume, but not much, .20's are on deck now
Market Cap 154,278 06/03/2024
Authorized Shares 250,000,000 06/03/2024
Outstanding Shares 1,272,917 06/03/2024
Restricted 153,485 06/03/2024
Unrestricted 1,119,432 06/03/2024
Held at DTC 906,538 06/03/2024
Mr. Zen
4 months ago
CYAP new owners: Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Venture Market of the OTCQB (OTCQB:ZENAF).
Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.
For more information, please visit: www.zenithenergy.ca
Mr. Zen
4 months ago
On December 15, 2023, the sole member of the Company’s Board of Directors (the “Board”) and Zenith Energy Ltd. (the “Majority Voting Stockholder”), the holder of a majority of the voting rights of the Company through its ownership of all 100,000 issued and outstanding Series A Preferred Shares, by joint written consent in lieu of a meeting, approved and authorized an amendment to the Company’s Articles of Incorporation to change the Company’s corporate name to “Leopard Energy, Inc.” (the “Name Change Amendment”).
Mr. Zen
5 months ago
CALGARY AB / ACCESSWIRE / January 18, 2024 / Zenith Energy Ltd. ("Zenith" or the "Company")(LSE:ZEN)(OSE:ZENA)(OTCQB:ZENAF), the listed international energy production and development company with a focus on opportunities in Central Asia and the US, is pleased to provide an update regarding the development of Cyber Apps World Inc. ("CYAP"), a U.S. listed company of which Zenith acquired majority control by way of a Securities Purchase Agreement in August 2023, and the Company's previously announced business development activities in the US.
First Acquisition in the US onshore oil and gas space completed by CYAP
On January 16, 2024, CYAP announced that its subsidiary, CYAP Oil, LLC, had successfully bid at auction for a 5% royalty interest in a package of seven (7) producing wells located in the Eagle Ford Shale, Lavaca County, Texas.
This represents CYAP's first transaction in the US energy production and development sector and is, in line with Zenith's strategy for CYAP, a shift away from software development towards identifying and acquiring opportunities in the US energy and production development sector.
CYAP has confirmed that further acquisitions of this kind, specifically royalties in non-operated oil and gas production leases, are planned.
Change of name to Leopard Energy, Inc.
In view of the change in strategic direction away from software development, CYAP has elected to change its name to Leopard Energy, Inc.
It is expected that the name change will become effective once all the necessary regulatory formalities are completed.
Update on US acquisitions announced by Zenith during 2023
The Company confirms that, following the acquisition of CYAP in August 2023, it has discontinued and terminated the three separate transactions announced to the market on June 2, 2023, July 5, 2023, and August 3, 2023, respectively.
Andrea Cattaneo, Chief Executive Officer, commented:
"We are pleased that CYAP has now completed its first acquisition in the US oil and gas space. The acquisition of a non-operated oil and gas production royalty delivers immediate monthly cashflow and will enable an attractive payback of the initial investment.
It our intention that CYAP's first acquisition be followed by various other similar acquisitions in an incremental manner, following geological, financial, and legal due diligence, to achieve 'critical mass' and build a balanced, revenue generating and profitable portfolio.
We believe CYAP will attract financial support from US capital markets as the benefits of implementing an accretive growth strategy centred on purchasing interests in non-operated oil and gas production leases, during a period of favourable energy prices, becomes increasingly apparent."
Mr. Zen
5 months ago
Item 8.01 Other Events.
On January 11, 2024, the Company’s subsidiary, CYAP Oil, LLC, successfully bid at auction for a 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas. This represents the Company’s first transaction in the U.S. energy production and development sector and constitutes a shift in the Company’s focus away from software development to identifying and acquiring opportunities in the U.S. energy production and development sector. The transaction is expected to close on or about January 17, 2024.
The Company disclosed that it expects to complete additional acquisitions of this kind in the near future.
On January 16, 2024, the Company issued a press release providing stockholders and the investment community with information on the recent transaction.