RE: A 93-fold increase in Proved Recoverable Reserves (1P Reserves)6 Oct 2025 07:50
I'd say this is the bottom line, full field development but from just the Cane Creek, let alone the 8 overlying reservoirs!!
A 3.5-fold increase in Total Recoverable Resources, representing full field development of the Cane Creek reservoir within the WSU (see Table 2 below), a significant increase in the total net resource estimate:
o 74.2 million net boe, compared with 21.4 million net boe in the 2022 CPR
o Forecast to generate undiscounted free cash flows, net to Zephyr, in excess of US$880 million, with a current NPV-10 of circa US$158 million (an increase from circa US$88 million in the 2022 CPR)