Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy is set to advance its flagship Paradox Basin project in Utah, with drilling operations for an extended lateral expected to commence in early 2025. The company has secured funding from a U.S. industry investor to cover the $7 million operation cost, ensuring no equity dilution. Additionally, Zephyr has appointed Canaccord Genuity Limited as a Joint Broker, reinforcing its strategic position.
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