{"id":83785,"title":"Zephyr Energy PLC (ZPHR.L) Presentation & updated Paradox project financials","publisher":"Share Talk","author":"sharetalk","published":"2021-06-18T07:51:49+00:00","modified":"2021-06-18T07:51:49+00:00","canonical_url":"https://www.share-talk.com/zephyr-energy-plc-zphr-l-presentation-updated-paradox-project-financials/","markdown_url":"https://www.share-talk.com/zephyr-energy-plc-zphr-l-presentation-updated-paradox-project-financials.md","json_url":"https://www.share-talk.com/zephyr-energy-plc-zphr-l-presentation-updated-paradox-project-financials.json","category":"Energy","categories":["Energy"],"tags":["Cane Creek","Colin Harrington","North Dakota","oil","Paradox basin","Rick Grant","RL Grant","Rocky Mountain","U.S","USA","Utah","Williston Basin","Zephyr Energy","ZPHR"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Zephyr Energy plc (AIM: ZPHR)**, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, notifies that its presentation from last night’s Proactive Investors’ One2One Virtual Forum is now available on the Company’s website [www.zephyrplc.com.](http://www.zephyrplc.com.)\n\nThe Company has also provided updated financial information on its project in the **Paradox Basin, Utah, United States of America** (“U.S.”) (the “Paradox” project) to reflect the current oil price environment.\n\n**Zephyr is due to commence a drilling programme on the Paradox project in July.** The planned appraisal well, the State 16-2LN-CC (the “lateral well), will target the Company’s first production on the Paradox project. Using a flat oil price of US$70 per barrel of oil equivalent (“boe”), the Company estimates that the lateral well has a 2C single-well net present value at a ten percent discount rate (“NPV-10”) of US$10.4 million. Using the same flat oil price of US$70 per boe, the prime reservoir target on its leaseholding – the Cane Creek reservoir – has estimated 2C resources with an NPV-10 of US$225 million.\n\nThe above is based on metrics disclosed in the announcement on 29 March 2021 and is calculated in accordance with the Company’s Competent Persons Report prepared by Gaffney Cline & Associates in June 2018.\n\n**Contacts:**\n\nZephyr Energy plc\n\n**Colin Harrington (CEO)**\n\n**Chris Eadie (CFO)**\n\nTel: +44 (0)20 7225 4590"}