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IN BRIEF: Zephyr Energy Gets Initial USD600,000 Tranche Of US Funding

Thu, 22nd Oct 2020 20:33

Zephyr Energy PLC - Rocky Mountain oil and gas company, formerly known as Rose Petroleum - Receives USD600,000 initial tranche of US Department of Energy funding for spudding of the US government-funded State 16-2 well in Utah. Cash is being used to cover bonding, permitting and preliminary groundworks at the site of the 16-2 well. Zephyr has bolstered its operations team with the appointment of Bruce Houtchens, a highly experienced Drilling Manager who will assist the company on the State 16-2 project.

Current stock price: 0.670 pence

Year-to-date change: down 34%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

15 Feb 2023 16:15

Zephyr set to beat revenue forecasts for 2022

(Sharecast News) - Rocky Mountains oil and gas company Zephyr Energy reported a positive fourth quarter and full-year update on hydrocarbon production and cash flows from its non-operated portfolio in the Williston Basin of North Dakota on Wednesday.

15 Feb 2023 12:09

Zephyr Energy backs 2023 production guidance as revenue jumps in 2022

(Alliance News) - Zephyr Energy PLC on Wednesday reported a jump in quarterly revenue and sales volumes at Williston basin, located in the US state of North Dakota.

14 Feb 2023 14:21

IN BRIEF: Zephyr Energy hails successful operation on well at Paradox

Zephyr Energy PLC - London-based oil and gas exploration and production company - Says production casing operation is successful on the 36-2 LNW-CC well, located at Zephyr's project in the Paradox Basin, which is in Utah, US. The well has now been made fully safe, the company says. Plans to start production testing and potential completion of the fractured Cane Creek reservoir interval in the coming weeks, subject to service availability. Adds that production at the State 16-2 LN-CC remains ongoing as well.

10 Feb 2023 10:12

Zephyr completes acquisition of remaining stake in Paradox project

(Alliance News) - Zephyr Energy PLC on Friday said it completed the acquisition of the remaining 25% working interest in the White Sands unit, which lies in the Paradox basin in the US state of Utah.

19 Jan 2023 13:13

Zephyr shares up on substantial hydrocarbons at Paradox project

(Alliance News) - Zephyr Energy PLC shares were up on Thursday after it said it has suspended operations at its Paradox project following a "significant influx" of hydrocarbons.

21 Dec 2022 11:40

Zephyr Energy secures USD8 million loan after making two acquisitions

(Alliance News) - Zephyr Energy PLC on Wednesday said it acquired the remaining 25% working interest in the Paradox Basin in the US state of Utah, and a working interest in a further six wells in the Williston Basin in North Dakota.

21 Dec 2022 11:25

AIM WINNERS & LOSERS: Zephyr Energy rises on US acquisitions

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

9 Dec 2022 14:48

Zephyr Energy gets another $1m in research grant funding

(Sharecast News) - Rocky Mountains-focussed oil and gas company Zephyr Energy announced the signing of an amended cooperation agreement for an additional $1m in non-dilutive research grant funding on Friday.

9 Dec 2022 12:14

Zephyr Energy gains USD1.0 million grant from US Department of Energy

(Alliance News) - Zephyr Energy PLC on Friday announced that it had secured an additional USD1.0 million in non-dilutive research grant funding from the US Department of Energy.

1 Dec 2022 12:59

TRADING UPDATES: XLMedia, Mobile Streams and Windar win deals

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

21 Nov 2022 21:39

TRADING UPDATES: VSA Capital backs outlook; Zephyr starts drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

15 Nov 2022 21:55

TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

8 Nov 2022 14:12

IN BRIEF: Zephyr Energy mobilises rig following CWC Ironhand contract

Zephyr Energy PLC - Oil & gas exploration and development in US Rocky Mountains - Signs contract with CWC Ironhand Drilling for its Ironhand Rig 118. Will be used to drill the 36-2 LNW-CC well at Zephyr's project in the Paradox Basin, Utah. The rig will mobilise to site shortly. Zephyr expects the well to spud in the second half of November, and intends to set the conductor casing ahead of the rig's arrival.

2 Nov 2022 17:02

IN BRIEF: Zephyr Energy clears final regulatory hurdle for well spud

Zephyr Energy PLC - Oil & gas exploration and development in US Rocky Mountains - Wins approval for its drilling permits from the US Bureau of Land Management. This is the final regulatory approval required to spud the State 36.2 LNW-CC well on its project in the Parabox Basin in Utah, US. Firm also receives drilling permit approval for the State 36-3 LN-C9 exploration well. Company says it has also completed all road and site preparation work at the well-site and is in the process of finalising a rig contract.

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IN BRIEF: Zephyr Energy Gets Initial USD600,000 Tranche Of US Funding

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