Zenith Energy agrees sale of ZEN-260 drilling rig for USD 4.3 million

ZenaTech, Inc.

ZenaTech, Inc.

ZENA

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  • Zenith Energy agreed terms to sell its fully owned ZEN-260 onshore drilling rig for total gross consideration of about USD 4.3 million.
  • The buyer is an oil and gas company operating in the Philippines; the terms include a non-refundable deposit.
  • The price compares with about USD 2 million in indicative offers previously disclosed in November 2025.
  • Importation of the rig into the Philippines is expected in July 2026.
  • Proceeds are expected to strengthen liquidity, supporting development of its Italian solar portfolio.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zenith Energy Ltd. published the original content used to generate this news brief via Cision (Ref. ID: 20260522:BIT:5850:0) on May 21, 2026, and is solely responsible for the information contained therein.

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