Zephyr Energy PLC (AIM:ZPHR) Statement Re Market Speculation

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations.

Notes the recent speculation that Dominion Energy Utah, LLC has finalised the completion of its gas supply pipeline from the Northwest Gas Pipeline system to the Green River area (the “pipeline”), that the pipeline will be operational in the early part of the fourth quarter of 2023, and that the pipeline will also be available to accept natural gas volumes from third-party sources, slightly ahead of original timeframe estimates.

Zephyr can confirm that it has been informally notified that the pipeline will be operational in the next thirty days and would be available to receive Zephyr volumes in due course when Zephyr’s own infrastructure and wells have been completed and all necessary regulatory approvals and commercial agreements have been completed.

The Company expects to be able to provide a detailed update on both the pipeline status and progress on its Paradox Project as part of its interim financial report for the six months ended 30 June 2023 that will be published by 29 September 2023.

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