Zephyr Energy Raises £0.7 Million Through Director Subscription
The energy company has raised £0.7 million through a Director Subscription, providing additional funding to support its operations.
The energy company has raised £0.7 million through a Director Subscription, providing additional funding to support its operations.
The oil and gas explorer reported widening losses and faces significant challenges due to volatile commodity prices and development risks in its key projects. Material uncertainties remain regarding future financing and operational success.
The energy company has announced a change in its major shareholding structure.
The energy company has raised £10.5 million through an oversubscribed placing, but at a 20% discount to the previous share price, suggesting low investor appetite.
The energy company is seeking to raise around £10 million through a discounted equity placing to fund an acquisition and project development.
The energy company reports positive initial results from its Paradox Basin project, while its Williston Basin assets continue to generate cash flow despite temporary production impacts.
The oil and gas company has published a new corporate presentation highlighting recent events and progress at its flagship Paradox Basin asset, as well as details of its non-operated portfolio in the Williston Basin.
The energy company has entered into an agreement with a U.S.-based capital provider to fund growth in its non-operated asset portfolio in the Williston Basin.
The energy company reports successful initial results from production testing at its Paradox Basin project, with high flow rates and elevated condensate yields, suggesting progress towards commercial viability.
The oil and gas company provides an update on the production test at its Paradox project in Utah, U.S.