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Pin to quick picksZephyr Energy Share News (ZPHR)

Share Price Information for Zephyr Energy (ZPHR)

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Share Price: 5.25
Bid: 5.20
Ask: 5.30
Change: -0.30 (-5.41%)
Spread: 0.10 (1.923%)
Open: 5.55
High: 5.55
Low: 5.25
Prev. Close: 5.55
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UK TRADING UPDATE SUMMARY: Bitcoin Miner Argo In Monthly Revenue Rise

Thu, 03rd Dec 2020 17:37

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

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Argo Blockchain PLC - UK-based cryptocurrency miner - Mines 115 bitcoin or equivalent in Novmeber, down from 126 in October. "The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on November 17. This takes the total amount of BTC mined year-to-date to 2,369," Argo adds. Based on daily exchange rate, mining revenue in November was GBP1.5 million, up from GBP1.2 million in October.

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Iconic Labs PLC - media company - Announces JOE Media unit secures contracts worth more than GBP750,000. "The contracts are with clients in a number of sectors including gambling, video games, online music streaming," Iconic adds.

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Nucleus Financial Group PLC - Edinburgh-based financial wrap platform - Aquiline Capital Partners LLC says it does not plan to make offer for Nucleus after "highly preliminary discussions".

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Invinity Energy Systems PLC - vanadium flow batteries manufacturer - Plans placing to raise GBP20.5 million and further GBP2 million through open offer. Says 11.7 million shares placed at 175 pence each in placing, 1.1 million in open offer. "Funds raised will be used to scale up production capabilities to meet commercial demand, execute on sales pipeline and thereby assist in driving down unit costs," Invinity says.

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Volution Group PLC - Crawley, England-based supplier of ventilation products to the residential and commercial construction markets - Pens sustainability-linked revolving credit facility. The GBP150 million loan, with a GBP30 million accordion facility, replaces a GBP120 million loan. Facility runs for three years until December 2023, with option for two-year extension.

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Jupiter UK Growth Investment Trust PLC - investment trust - Updates on wind-down measures. Agrees to proposals with Brown Advisory Funds PLC to offer Jupiter shareholders a choice of roll over investment in Jupiter to new shares to be issued by a sub-fund of Brown, or electing for a normal cash exit.

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Global Petroleum Ltd - oil and gas company focused on Africa and the Mediterranean - Recently bought historic 2D seismic data of PEL0094 licence, Namibia. Also acquired historic data from underexplored eastern part of block. "The company expects the interpretation of this data significantly to enhance the prospectivity already identified in this area," Global Petroleum says.

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Cobra Resources PLC - exploration and mining company focused on the Wudinna gold project in Australia - Reports "significant high-grade gold intercepts" at Clarke deposit at Wudinna. "Given we still have 80% of the assay results still to come, we are very excited about these initial high-grade intersections at Clarke which have positive indications for the future of the Wudinna project," Director Craig Moulton says.

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Active Energy Group PLC - London-headquartered biomass-based renewable energy business - Says Player Design Inc appointed in September to complete engineering and construction process of CoalSwitch reference plant at Lumberton site. Active Energy sources additional equipment and begins procurement process. "Construction crews will commence work in January 2021 with commissioning of the plant expected during Q2 2021," Active Energy adds.

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Landore Resources Ltd - Canada-focused minerals explorer - Says drilling programme at BAM gold deposit, Canada, progressing as planned. Adds that 15 drill holes completed to date. Says gold prices surge in 2020 has meant more exploration in Canada, causing a backlog of sampling. "As a result the time now expected for full analysis has doubled to 6-7 weeks from delivery to the laboratory," Landore adds.

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Zephyr Energy PLC - Rocky Mountain oil and gas company - Signs drilling contract with Cyclone Drilling Inc. "Cyclone, based in Gillette, Wyoming, is one of the leading providers of rigs in the Rocky Mountain region," Zephyr adds. "Cyclone's fleet of modern rigs was purpose-built for operating in the remote locations and rugged environment of the Rockies, and they hold one of the best drilling safety records in the US oil and gas industry.

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Salt Lake Potash Ltd - Australia-focused miner - Says ASX voluntary trading suspension to remain until either an announcement of debt financing or opening of trade on December 10.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 21:33

IN BRIEF: Zephyr Energy in debt for equity swap

Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountains region in North America - Announces USD3.88 million debt for equity swap at a price of 4.85 pence per share. Further, says operations at the State 36-2 LNW-CC-R well are progressing as expected. Drilling operations have commenced and is planned to a total depth of 10,362 feet. Chief Executive Colin Harrington says: "We continue to make good progress on the drilling of the State 36-2R well and remain on track to complete the well within our forecast thirty-day period."

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25 Apr 2024 16:00

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling

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

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17 Apr 2024 10:36

Zephyr Energy begins drilling operations in flagship Utah project

(Alliance News) - Zephyr Energy PLC on Wednesday said it had begun rigging up operations to start the drilling process at the State 36-2R well, as part of its flagship Paradox project.

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28 Mar 2024 12:29

EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles

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

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27 Mar 2024 18:47

TRADING UPDATES: Empire Metals targets key milestones in Australia

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

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22 Mar 2024 16:38

Zephyr starts drilling activities at Paradox Basin well

(Sharecast News) - Rocky Mountains-focussed oil and gas operator Zephyr Energy announced the start of drilling activities at the State 36-2R well at its primary project in Utah's Paradox Basin on Friday.

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22 Mar 2024 11:56

Zephyr Energy shares surge as drilling starts at flagship project well

(Alliance News) - Zephyr Energy PLC on Friday said initial drilling operations have begun on the State 36-2R well at its flagship project in the Paradox Basin in the US state of Utah.

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15 Mar 2024 13:07

Zephyr Energy signs rig contract for Paradox Basin redrilling

(Sharecast News) - Zephyr Energy announced on Friday that it had finalised a rig contract with Helmerich & Payne (H&P) for Rig 257, for the redrilling of the State 36-2R well in Utah's Paradox Basin.

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15 Mar 2024 12:05

Zephyr Energy inks rig contract to progress Utah-based well

(Alliance News) - Zephyr Energy PLC on Friday said that it has signed a rig contract with Helmerich & Payne Inc, in order to progress the redrilling of its State 36-2 well in the Paradox Basin, Utah.

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11 Mar 2024 14:13

IN BRIEF: Zephyr continues planning for redrill of State 36-2 well

Zephyr Energy PLC - Oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountains region in North America - Says it continues to progress planning for the forthcoming redrill of the State 36-2 well in its Paradox Basin project in Utah, US. Zephyr retains full well control insurance and expects to recover a substantial majority of the costs associated with the redrill. At the well pad, all surface hole location preparations have been completed to enable rig mobilisation, it says. It also plans to mobilise a spudder rig to the well pad over the next two weeks to drill and set conductor pipe and once these operations are complete, Zephyr says the location will be ready to accept a drilling rig in early April. Adds that is is in the final stages of executing a rig contract with the intention to begin full drilling operations in mid-April 2024. Says it has also received vendor bids for substantially all remaining well services, and has sourced all casing and long lead items required for the well.

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14 Feb 2024 10:26

Zephyr Energy gets Utah well drilling permit amendments approvals

(Alliance News) - Zephyr Energy PLC on Wednesday said it received approvals for the amendment of its drilling permit for the forthcoming "twinned" redrill of the State 36-2 well in Paradox Basin, Utah, US.

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8 Feb 2024 14:12

IN BRIEF: Zephyr says planning for State 36-2 well redrill continues

Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountain region of the US - Says it continues to progress planning for the "twinned" and fully-funded redrill of the State 36-2 well. Retains full well control insurance and expects to recover substantially all costs associated with the redrill. Chief Executive Officer Colin Harrington says: "Our team continues its intensive and robust planning process for the State 36-2R well and once the sundry amendment to the drilling programme is approved, we will seek to expedite operations at site to commence drilling operations as soon as possible.The team has done excellent work in progressing major contracts and infrastructure solutions, and we look forward to providing continued news flow over the coming weeks and months."

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15 Dec 2023 12:18

Zephyr Energy reports progress on Slawson wells, Paradox

(Sharecast News) - Zephyr Energy said in an update on Friday that the initial flow rates from the six wells operated by Slawson Exploration Company, in which it holds working interests, exceeded expectations.

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15 Dec 2023 09:11

Zephyr Energy production up as Slawson operations exceed expectations

(Alliance News) - Zephyr Energy PLC on Friday said initial production from the Slawson-operated wells has exceeded expectations, boosting its quarterly sales.

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16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

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

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