Chief Executive Officer and President of Canadian Zenith Energy Ltd, the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan (Muradkhanly-Jafarly-Zardab), purchased a total of 450,000 common shares of no par value in the capital of the Company at a total average price of £0.0305 per Common Share, Report informs citing the company.
By the infomation, he purchased a total of 150,000 common shares at a price of £0.0315 per Common Share on April 9, 2019, and 300,000 common shares at a total average price of £0.03 per Common Share on April 10, 2019.
The Company operates the largest onshore oilfield in Azerbaijan since 2016. Zenith holds 80%, while the fully SOCAR-owned joint oil company has a 20% share. The fields cover an area of 642.4 sq km.
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