Zephyr updates on Paradox project and Rocky Mountain acquisition

  • Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) said it is making progress on its flagship Paradox Basin project in Utah and is close to completing a $7.3 million acquisition of production assets in the Rocky Mountain region, following its recent $10.5 million equity raise. The company is advancing work on gas infrastructure at the State 36-2R well, where a successful production test was completed in May.