RCS - Zephyr Energy PLC - Corporate Presentation

Zephyr EnergyAnnouncement

20/04/2023 18:30

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RNS Number : 9753W  Zephyr Energy PLC  20 April 2023

REACH: non-regulatory announcement*

20 April 2023

 

Zephyr Energy plc

("Zephyr" or the "Company")

 

Corporate Presentation

 

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and
gas company focused on responsible resource development from carbon-neutral
operations, announces that the presentation given by Colin Harrington, the
Company's Chief Executive Officer, at this evening's Investor Webinar at 18:00
BST is now available on the Company's website www.zephyrplc.com
(http://www.zephyrplc.com/)  or can be accessed directly via this
link: https://www.zephyrplc.com/presentation-apr23
(https://www.zephyrplc.com/presentation-apr23) .

 

The purpose of the investor webinar is to talk through recent events and
progress at Zephyr's flagship asset in the Paradox Basin, U.S., including
details of the Company's non-operated production and development portfolio.

 

 Contacts

 Zephyr Energy plc                                   Tel: +44 (0)20 7225 4590

 Colin Harrington (CEO)

 Chris Eadie (CFO)

 Allenby Capital Limited - AIM Nominated Adviser     Tel: +44 (0)20 3328 5656

 Jeremy Porter / Vivek Bhardwaj

 Turner Pope Investments - Joint-Broker              Tel: +44 (0)20 3657 0050

 James Pope / Andy Thacker

 Panmure Gordon (UK) Limited - Joint-Broker         Tel: +44 (0) 20 7886 2500

 John Prior / Hugh Rich / James Sinclair-Ford

 Celicourt Communications - Public Relations

 Mark Antelme / Felicity Winkles                    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 45,000-acre leaseholding 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 240 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 200
modern horizontal wells which are expected to provide production of 1,550 -
1,750 barrels of oil equivalent per day, net to Zephyr, in 2023.  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.

 

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