Last checked at 26 Jul 2023 11:39
26 July 2023
Zephyr Energy plc
("Zephyr" or the "Company")
Results of Annual General Meeting
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 at its Annual General Meeting held earlier today, all resolutions were duly passed.
For further information please visit www.zephyrplc.com or contact:
Zephyr Energy plc Colin Harrington (CEO) Chris Eadie (FD)
| 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
Celicourt Communications - Public Relations Mark Antelme / Felicity Winkles / Ali AlQahtani | Tel: +44 (0)20 3657 0050
Tel: +44 (0) 20 7886 2500
Tel: +44 (0) 20 7770 6424 |
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 45,000-acre lease holding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent ("mmboe"), 2C resources of 34 mmboe and 2U resources 270 mmboe.
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 220 modern horizontal wells. 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.