Malcolm is joined by Zephyr Energy’s CEO, Colin Harrington, to give us some detail about the company’s recent progress.
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations
Overview
The first six months of the 2021 financial year, and the period since, were a time of tremendous progress and intense activity during which Zephyr transformed from a single project exploration company into a self-sustaining, cash-generating, carbon-neutral oil and natural gas producer. During this period, significant additional operational and technical milestones were met on our Paradox Project. In addition, the Company completed five separate acquisitions which resulted in a growing portfolio of operated and non-operated assets located in two established U.S. oil producing basins. The Company also delivered on its ambitious goal to commence 100% carbon-neutral Scope 1 operations by 30 September 2021.
Colin Harrington, Zephyr’s Chief Executive said: ” I am delighted by the tremendous growth and progress delivered during the period under review. Zephyr is now ideally positioned as a cash generating platform from which to deliver significant future growth for our Shareholders.
“We’ve worked tirelessly to meet or exceed the goals and timelines we publicly set for ourselves, while doing so on budget and in a low-cost manner – and I’m particularly proud that we successfully executed our strategy in line with our twin core values of being responsible stewards of investors’ capital and responsible stewards of the environment in which we work.
“The next few months will continue to see a flurry of corporate and operational activity as we target production from the Paradox project, increase non-operated production and accumulate cash flows from our assets in the Williston Basin.
“These are exciting times, and we look forward to keeping all our stakeholders updated on our progress.”
A copy of the interim results report will be available on the Company’s website later today at http://www.zephyrplc.com.
