Investor Webinar

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: [phone]
Allenby Capital Limited   - AIM Nominated Adviser Jeremy Porter / Vivek Bhardwaj	Tel: [phone]
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: [phone] Tel: [phone] Tel: [phone]

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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