Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy reports strong H1 2024 financial results with a revenue increase to US$13.6 million, primarily driven by its Williston Basin operations, and successful drilling and testing of the State 36-2R well in the Paradox Basin. The company is advancing discussions with U.S.-based investors to bring the Paradox project into commercial production and expects to submit final well control insurance claims for further reimbursements. With significant capital investment in its projects and strategic focus on high-quality assets, Zephyr continues to demonstrate robust cash flows and high margins, ensuring full coverage of its G&A and finance costs.
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