Zephyr Energy PLC Response to market speculation
17 Septembre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 4807E
Zephyr Energy PLC
17 September 2024
17 September 2024
Zephyr Energy
plc
("Zephyr"
or the "Company")
Response to market
speculation
Zephyr Energy plc (AIM: ZPHR)
(OTCQB: ZPHRF), the Rocky Mountain oil and gas company
focused on responsible resource development and carbon-neutral
operations, notes recent market speculation that the Company is in
the process of, or planning for, an equity fundraise. The Company
confirms that it has not been undertaking nor is it intending to
undertake an equity fundraise, and that it knows of no notifiable
reason for the Company's recent material share price
movement.
Contacts
Zephyr Energy plc
Colin
Harrington (CEO)
Chris Eadie (Group Finance
Director and Company Secretary)
|
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 Liberum Limited - Joint-Broker
Mark Murphy / Kieron
Hodgson / James Sinclair-Ford
Celicourt Communications - PR
Mark Antelme / Felicity Winkles
/ Ali AlQahtani
|
Tel:
+44 (0)20 3657 0050
Tel: +44
(0) 20 7886 2500
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 46,000-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 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. 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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END
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