TPI provides its latest research note on Zephyr Energy plc (ZPHR.L).

Zephyr Energy is an upstream oil and gas company with a strategic focus on the Rocky Mountain region of the US.

Zephyr Energy PLC (ZPHR.L) Corporate Update (inc. State 16-2 well)

The company’s core asset is a 75% operated interest in more than 25,000 acres of lease holding in the underexplored yet highly prospective Paradox Basin in Utah. In a project team with the University of Utah’s Energy & Geoscience Institute (EGI) and the Utah Geological Survey (UGS), coupled with sponsorship from the US Department of Energy (DOE), Zephyr recently drilled the State 16-2 stratigraphic test well located on the company’s acreage. Early indications are very positive, suggesting the presence of hydrocarbons across multiple reservoirs and the data is now undergoing detailed analysis, the results of which are anticipated over the coming weeks, with a summary of early data likely to be announced on 29 January 2021.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Zephyr Energy plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.

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