TIDMZPHR

RNS Number : 2860H

Zephyr Energy PLC

26 July 2023

26 July 2023

Zephyr Energy plc

("Zephyr" or the "Company")

Results of Annual General Meeting

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, i s pleased to announce that at its Annual General Meeting held earlier today, all resolutions were duly passed.

For further information please visit www.zephyrplc.com or contact:

 
 Zephyr Energy plc                                  Tel: +44 (0)20 7225 
  Colin Harrington (CEO)                                           4590 
  Chris Eadie (FD) 
 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 
                                                                   2500 
  Celicourt Communications - Public Relations 
  Mark Antelme / Felicity Winkles / Ali 
  AlQahtani 
                                                   Tel: +44 (0) 20 7770 
                                                                   6424

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 lease holding 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 270 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 220 modern horizontal wells. 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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July 26, 2023 06:39 ET (10:39 GMT)

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