TIDMZPHR

RNS Number : 3536R

Zephyr Energy PLC

28 February 2023

28 February 2023

Zephyr Energy plc

(the "Company" or "Zephyr")

Total Voting Rights

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announces that the issued share capital of the Company at the date of this announcement comprises 1,596,501,823 ordinary shares of 0.1 pence each with one voting right per share ('Ordinary Shares'). The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 1,596,501,823.

This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts

 
 Zephyr Energy plc                                  Tel: +44 (0)20 7225 
  Colin Harrington (CEO)                                           4590 
  Chris Eadie (CFO) 
 Allenby Capital Limited - AIM Nominated            Tel: +44 (0)20 3328 
  Adviser                                                          5656 
  Jeremy Porter / Vivek Bhardwaj 
 Turner Pope Investments - Joint-Broker             Tel: +44 (0)20 3657 
  James Pope / Andy Thacker                                        0050 
 
  Panmure Gordon (UK) Limited - Joint-Broker 
  John Prior / Hugh Rich / James Sinclair-Ford     Tel: +44 (0) 20 7886 
  / Harriette Johnson                                              2500 
 
  Celicourt Communications - PR 
  Mark Antelme / Felicity Winkles 
                                                   Tel: +44 (0) 20 8434 
                                                                   2643

Notes to Editors

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The Company's mission is rooted in two core values: to be responsible stewards of its investors' capital, and to be responsible stewards of the environment in which it works.

Zephyr's flagship asset is an operated 45,000-acre leaseholding located in the Paradox Basin, Utah, 25,000 acres of which has been assessed to hold, net to Zephyr, 2P reserves of 2.6 million barrels of oil equivalent ("mmboe"), 2C resources of 34 mmboe and 2U resources 240 mmboe.

In addition to its operated assets, the Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.

The Williston portfolio currently consists of working-interests in over 200 modern horizontal wells which are expected to provide production of 1,550 - 1,750 barrels of oil equivalent per day, net to Zephyr, in 2023. Cash flow from the Williston production will be used to fund the planned Paradox Basin development. In addition, the Board will consider further opportunistic value-accretive acquisitions.

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February 28, 2023 12:00 ET (17:00 GMT)

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