Canada, May 22 -- Zenith Energy Ltd., the listed international energy production and development company, is pleased to provide an update regarding the sale of its fully owned ZEN-260 onshore drilling rig ("ZEN-260").Further to the Company's announcement of November 25, 2025, Zenith has agreed terms for the sale of the ZEN-260 for total gross consideration of approximately US$4.3 million to a company operating in the oil and gas sector in the Philippines, including payment of a non-refundable deposit.The agreed consideration materially exceeds previously disclosed indicative offers and reflects both the outcome of a competitive process involving multiple interested counterparties and the strengthened oil and gas pricing environment. The fin...