zenith energy said friday that it was reviewing the potential acquisition of a selection of oil production and development assets in texas california and oklahoma but that no terms were finalized at this stage the energy companywhich is listed in london and oslosaid that if these potential acquisitions were completed a production rate in the range of around 300 barrels of oil to 500 barrels of oil a day might be achieved the company said drilling could be performed at relatively low cost and without significant delay in view of the ready availability of equipment and that the average total depth of the production wells ranged between 500 meters to 2000 meters the company said the potential transactions didnt represent a change in strategy nor a departure from its business development objectives in africa the middle east or italy however in view of certain attractive opportunities to increase our daily production of oil in a stable jurisdiction at a time of favorable energy pricing we have not hesitated in exploring these avenues whilst we await potential positive developments in respect of our publicly announced activities in other regions of focus chief executive andrea cattaneo said shares at 0714 gmt were flat at 043 pence