Corporate Presentation

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   or   can be accessed directly via this link:   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 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. 

 

*About Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain.  Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.