Zephyr Energy PLC (LSE:ZPHR) has secured £10.5 million in new funding through an oversubscribed equity offering, signaling strong investor confidence in the company’s strategic direction. The raise comprises a £9.8 million institutional placing and an additional £0.7 million contributed by company directors.
The fresh capital will be directed toward accelerating development of Zephyr’s key U.S.-based projects, particularly the Paradox Basin in Utah and the Williston Basin in North Dakota. These funds are expected to boost production capacity, support the formation of strategic alliances, and open avenues for alternative gas monetization strategies — including potential ventures in cryptocurrency mining.
The funding follows recent operational successes, including a positive production test at the State 36-2R well, and comes on the heels of a substantial US$100 million investment commitment from a prominent U.S. backer. With these developments, Zephyr Energy is well-positioned to scale its operations and tap into new revenue opportunities.
About Zephyr Energy
Headquartered in the UK, Zephyr Energy focuses on oil and gas exploration and production with a strong presence in the United States. Its core assets lie in the Paradox and Williston Basins, where the company is working to optimize extraction and maximize shareholder value through innovation and strategic collaboration.
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