Zenith Pure Oil acquires gas plant and upstream assets in Eastern Hungary

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the market of the following:

Zenith Pure Oil today entered into a sale and purchase agreement (“SPA”) with O&GD Central Kft. to purchase a gas plant, mining plots and infrastructure near Endrőd in Eastern Hungary.

 The current production is around 1.1 mboepd and the mining plots are hosting multiple drillable exploration opportunities. Related infrastructure has considerable synergy potential with other Zenith Pure Oil assets in the region.

The transaction is subject to regulatory approvals and is expected to close in the first half of 2025.