Last checked at 28 Sep 2022 08:37
28 September 2022
Zephyr Energy plc
("Zephyr" or the "Company")
Investor Webinar
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, is pleased to announce that, further to its announcement on 14 September 2022, Colin Harrington (Zephyr's Chief Executive Officer) will be presenting a live investor webinar on Tuesday 25 October at 17:30 BST.
The presentation will provide an overview of development plans for the Company's flagship asset in the Paradox Basin, Utah ('Paradox Project'), including its upcoming drilling programme and the ongoing integration of related infrastructure assets.
The live webinar, which will be broadcast via the Investor Meet Company platform, is open to all existing and prospective investors and will be followed by a Q&A session.
Investors can sign up to Investor Meet Company for free and add "Zephyr Energy" via the following link to join the webinar:
https://www.investormeetcompany.com/zephyr-energy-plc/register-investor
· Once registered, investors are encouraged to submit questions pre-event via the Investor Meet Company Platform.
· Questions can be submitted pre-event via the "Ask a Question" function located on your Investor Meet Company dashboard; in addition, questions can be submitted during the live event.
· While the Company may not be able to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market through regulatory notifications.
· Responses to the Q&A will be published at the earliest opportunity on the Investor Meet Company platform.
· Investor feedback can also be submitted directly to management post the event to ensure the Company can understand the views of all elements of its shareholder base.
For further information see the Company's website www.zephyrplc.com or contact the following:
Zephyr Energy plc Colin Harrington (CEO) Chris Eadie (CFO)
| Tel: +44 (0)20 7225 4590 |
Allenby Capital Limited - AIM Nominated Adviser Jeremy Porter / Vivek Bhardwaj
| Tel: +44 (0)20 3328 5656
|
Turner Pope Investments - Joint-Broker James Pope / Andy Thacker
Panmure Gordon (UK) Limited - Joint-Broker John Prior / Hugh Rich / James Sinclair-Ford / Harriette Johnson
Celicourt Communications - PR Mark Antelme / Felicity Winkles | Tel: +44 (0)20 3657 0050
Tel: +44 (0) 20 7886 2500
Tel: +44 (0) 20 8434 2643 |
Notes to Editors
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company's mission is rooted in two core values: to be responsible stewards of its investors' capital, and to be responsible stewards of the environment in which it works.
Zephyr's flagship asset is an operated 39,473-acre leaseholding located in the Paradox Basin, Utah which has been assessed by third party consultants Sproule International to hold, net to Zephyr, 2P reserves of 2.1 million barrels of oil equivalent ("mmboe"), 2C resources of 27 mmboe and 2U resources 203 mmboe. Following the successful initial production testing of the recently drilled and completed State 16-2LN-CC well, Zephyr is planning a three well drilling program commencing later this year to further delineate the scale and value of the project.
In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana. The Williston portfolio currently consists of working-interests in over 200 modern horizontal wells which are expected to provide US$35-40 million of revenue, net to Zephyr, in 2022. Cash flow from the Williston production will be used to fund the planned Paradox Basin development. In addition, the Board will consider further opportunistic value-accretive acquisitions.