Business
Half-year Report
Half-year Report.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n\nPrior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.\n \n30 September 2025\n \nZephyr Energy plc\n(\"Zephyr\", the \"Company\", or the \"Group\")\n \nInterim results for the six months ended 30 June 2025\n \nZephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) reports its unaudited interim results for the six months ended 30 June 2025 (\"H1 2025\").\n \nColin Harrington, Chief Executive of Zephyr, said:\n \n\"During H1 2025, and in the period since, we have continued to invest significant resources into the development of our flagship operated project in the Paradox Basin, Utah, U.S. (the \"Paradox project\") primarily through drilling operations on the State 36-2 LNW-CC-R well (the \"State 36-2R well\") which were successfully delivered and without any health, safety or environmental issues. The production test demonstrated the considerable scale and potential of the Paradox project and reaffirmed that the Cane Creek reservoir can be developed in a highly productive manner, on par with some of the leading oil and gas plays in the U.S.\n \n\"Since the completion of drilling operations, as we move closer towards first commercial production from the Paradox project, our focus has shifted to advancing the design, engineering and contractual agreements required to enable access to gas export markets through the nearby third-party pipeline. In parallel, we are advancing structured discussions with potential industry and financial partners to accelerate further drilling activity at the Paradox project. We expect substantial progress in these two key areas in the coming months, allowing the Company to unlock the considerable potential value of the Paradox project.\n \n\"Our investment in the Paradox project is supported by our strategy of generating cashflow from our non-operated portfolio in the Williston Basin, North Dakota and Montana, U.S. (the \"Williston project\"), which is intended to fully fund all general and administrative (\"G&A\") costs, and which allows for continued investment in our asset portfolio.\n \n\"We also remain focused on op...