REG - Zephyr Energy PLC - Result of AGM

Zephyr EnergyAnnouncement

26/07/2023 11:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230726:nRSZ2860Ha&default-theme=true

RNS Number : 2860H  Zephyr Energy PLC  26 July 2023

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                                   Tel: +44 (0)20 7225 4590

 Colin Harrington (CEO)

 Chris Eadie (FD)

 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 / Ali AlQahtani    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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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/)
.

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  RAGRFMMTMTJTBPJ