Zephyr Energy (LSE:ZPHR) has released its interim results for H1 2025, reporting strong progress on its Paradox Basin project in Utah. The company successfully drilled the State 36-2R well, achieving a peak production rate of 2,848 barrels of oil equivalent per day, highlighting the project’s significant potential. Zephyr is moving toward commercial production and is actively engaging with partners to accelerate further drilling.
In addition, Zephyr completed a US$7.3 million acquisition of producing assets in the Rocky Mountain basins, aimed at strengthening its competitive position and financial performance. This transaction is supported by a US$100 million strategic partnership, designed to drive growth in Zephyr’s non-operated portfolio and support broader expansion efforts.
Despite these operational achievements, Zephyr’s financial outlook is challenged by negative profitability and cash flow pressures. Technical indicators remain bearish, and valuation metrics are weak, weighing on investor sentiment.
About Zephyr Energy
Zephyr Energy plc is a technology-driven oil and gas company focused on responsible resource development in the Rocky Mountain region of the U.S. The company manages a 46,000-acre lease in the Paradox Basin, Utah, and holds interests in producing wells across the Williston Basin in North Dakota and Montana. Zephyr aims to generate cash flow from its non-operated assets to fund Paradox Basin development while pursuing strategic acquisitions to grow its portfolio.
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