Prenumeration
Zenith Energy Ltd. (“Zenith” or the “Company”) announced on Monday, October 14, 2025, that the Swiss Federal Supreme Court in Lausanne has formally accepted the annulment application submitted by its fully owned subsidiary, Canadian North Africa Oil and Gas Limited (“CNAOG”), in relation to the ICC-2 arbitration award. The Company also confirmed payment of the procedural fees amounting to CHF 200,000. The annulment request, filed on September 15, 2025, concerns the complete dismissal of a USD 130 million claim originally filed by CNAOG against the Republic of Tunisia.
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