Equity fundraise of £12 million and US$28 million senior debt facility to complete the acquisition of non-operated production assets and associated CAPEX in the Williston Basin;
Update on proposed acquisition of non-operated production assets in the Williston Basin
After 23 days of production testing of the State 16-2LN-CC well located on Zephyr’s Paradox Basin project in Utah, the company notes that the well has demonstrated stronger than expected
Extensive State 16-2LN-CC production test successfully concluded;
Zephyr Energy has entered into a binding agreement to acquire a large portfolio of working interests in 228 wells, of which 163 are already producing, from Kaiser Acquisition and Development
Transformational US$36 million acquisition of non-operated production assets in the Williston Basin
After two weeks of flow testing on highly restricted chokes, the State 16-2LN-CC well is demonstrating highly encouraging average daily facility-constrained hydrocarbon flow rates of 420 boepd with hourly peaks
Well clean-up phase remains ongoing and Q3 non-operated asset portfolio production update
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, provides an update related to the land position
Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, provides an update on activity at its flagship
Equipment and materials on site; and Completion operations to commence 18 October 2021
