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LONDON - Zephyr Energy plc (AIM:ZPHR) (OTCQB:ZPHRF), an oil and gas company leveraging technology for carbon-neutral resource development in the Rocky Mountains, has released a new corporate presentation. The update, available on the company’s website, details recent developments at its flagship Paradox Basin asset in Utah, U.S., and its non-operated asset portfolio in the Williston Basin, North Dakota, U.S.
The presentation outlines Zephyr’s operated 46,000-acre leaseholding in the Paradox Basin, with a focus on the 25,000 acres appraised. This area holds 2P reserves of 2.6 million barrels of oil equivalent (mmboe), 2C resources of 34 mmboe, and 2U (OTC:TWOUQ) resources of 270 mmboe, all net to Zephyr. The company is committed to responsible stewardship of both investor capital and the environment.
Additionally, Zephyr owns interests in various non-operated producing wells spread across the Williston Basin in North Dakota and Montana. The cash flow generated from these Williston wells is intended to finance the planned development in the Paradox Basin. The Board is also considering further acquisitions that could add value to the company’s portfolio.
The presentation’s publication is part of a Reach announcement, which is used by companies to share non-regulatory news. Reach announcements are not subject to the same disclosure requirements as regulatory news service (RNS) announcements.
This corporate update from Zephyr Energy is based on a press release statement and provides an overview of the company’s current and planned operations, with a strategic focus on responsible and sustainable resource development.
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