Zephyr Energy ( (GB:ZPHR) ) has issued an update.
Zephyr Energy reported its fourth quarter and full-year 2024 results for its Williston Basin project, showing an increase in production but a slight decline in revenue due to lower commodity prices. The company also provided an update on its Paradox Basin project, highlighting successful drilling operations and upcoming completion and production testing. The Williston project achieved an average sales volume of 1,149 boepd, with revenues estimated at $24.3 million, while the Paradox project is set to enhance production capacity with advanced wellbore technology. These developments underscore Zephyr’s strategy to leverage its non-operated assets to fund its flagship project, positioning it for future growth.
More about Zephyr Energy
Zephyr Energy plc 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. Its flagship asset is a 46,000-acre leaseholding in the Paradox Basin, Utah, with significant reserves and resources. The company also holds working interests in non-operated producing wells in the Williston Basin, North Dakota and Montana, using cash flow from these operations to fund Paradox Basin development and potential acquisitions.
YTD Price Performance: 4.84%
Average Trading Volume: 2,089,082
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £56.9M
For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.
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