Source - LSE Non-Regulatory
RNS Number : 1700W
Zephyr Energy PLC
13 April 2023
 

REACH

 

 

Zephyr Energy plc

("Zephyr" or the "Company")

 

13 April 2023

 

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, announces that Colin Harrington, the Company's Chief Executive Officer, will be presenting at an investor webinar on Thursday, 20 April 2023 at 6:00pm (UK local time).

 

The live webinar, which will be hosted by the Company's Joint Broker, Turner Pope Investments, is open to existing and prospective investors. There will be a Q&A session for investors after the presentation and questions can be submitted pre-event as part of the registration process. In addition, questions can be submitted during the live event.

 

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

 

You can register for the event for free by using the following link:

https://vimeo.com/webinars/events/31033300-080a-48d9-9d5e-3f47d017f5eb

 

Contacts

 

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

 

Celicourt Communications  - Public Relations

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 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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