RCS - Zephyr Energy PLC - Investor Webinar

Zephyr EnergyAnnouncement

28/09/2022 08:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220928:nRSb9765Aa&default-theme=true

RNS Number : 9765A  Zephyr Energy PLC  28 September 2022

 

 

 

 

 

 

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
(http://www.zephyrplc.com) or contact the following:

 

 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 / Harriette Johnson

 Celicourt Communications - PR

 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 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.

 

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRASEISWAEESEDU