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Zephyr Energy ( (GB:ZPHR) ) has shared an announcement.
Zephyr Energy has announced significant progress in its Paradox Basin project in Utah, following a successful production test and a £10.5 million equity placing. The company is advancing gas infrastructure development, including equipping production pads and planning for pipeline tie-ins, with the potential to generate substantial monthly revenues. Additionally, Zephyr is on track to complete a US$7.3 million acquisition of working interests in over 400 wells in the Rocky Mountain basins, enhancing its strategic position and offering significant production and drilling opportunities. The acquisition is expected to add 600,000 barrels of oil equivalent of 2P reserves and 400 barrels of oil equivalent per day to Zephyr’s production.
The most recent analyst rating on (GB:ZPHR) stock is a Buy with a £0.14 price target. To see the full list of analyst forecasts on Zephyr Energy stock, see the GB:ZPHR Stock Forecast page.
Spark’s Take on GB:ZPHR Stock
According to Spark, TipRanks’ AI Analyst, GB:ZPHR is a Neutral.
Zephyr Energy faces significant financial and valuation challenges, with negative profitability impacting its overall score. However, positive corporate events and strategic partnerships provide some optimism for future growth.
To see Spark’s full report on GB:ZPHR stock, click here.
More about Zephyr Energy
Zephyr Energy plc is a technology-led oil and gas company focused on responsible resource development in the Rocky Mountain region of the United States. The company operates over 46,000 gross acres in the Paradox Basin, Utah, and holds working interests in a portfolio of non-operated producing wells in the Williston Basin across North Dakota and Montana. Zephyr aims to be a responsible steward of both investor capital and the environment.
Average Trading Volume: 6,192,176
Technical Sentiment Signal: Sell
Current Market Cap: £61.97M
For a thorough assessment of ZPHR stock, go to TipRanks’ Stock Analysis page.