Zephyr Energy CEO says CPR on Paradox marks 'seminal moment'

Proactive - Interviews for investors

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) CEO Colin Harrington talked with Proactive's Stephen Gunnion about the company’s recently updated Competent Person’s Report (CPR) for its Paradox project. The report highlights a significant uplift in reserves, with 2P volumes increasing 25-fold to 35 million barrels. Harrington explained that this equates to a projected $400 million in cash flow over the life of the project, with a present value (PV) today of around $100 million. He noted that this update marks a “seminal moment” for the company, providing validation of its progress and setting the stage for accelerated development. The CPR only covers acreage with existing seismic data, representing a fraction of the potential across the broader Paradox asset. Harrington added that, “We still have a huge amount of growth that we can access,” referencing an additional 270 million barrels of overlying reservoirs that could be moved from 2U into contingent categories through further testing. The company is now focused on expansion—horizontally through land nominations, vertically by testing eight additional reservoirs, and accelerating development via potential partnerships. Work is also progressing on pipeline access through Enbridge, with commercial and regulatory processes underway to bring existing wells online. Harrington also gave an update on Zephyr’s non-operated portfolio, pointing to recent production-enhancing deals executed under its private equity partnership. For more updates like this, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe to the channel, and turn on notifications for future updates. #ZephyrEnergy #OilAndGas #ParadoxBasin #EnergyReserves #ColinHarrington #CPRUpdate #OilProduction #UpstreamEnergy #EnergyInvestment #NaturalResources #Enbridge #CashFlowGrowth #OilExploration #PrivateEquityEnergy