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
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Zephyr Energy (ZPHR)