Zephyr Energy PLC CEO Colin Harrington joined Steve Darling from Proactive to provide a comprehensive update on the company’s ongoing development work in the Paradox Basin, Utah, alongside significant advancements in the company’s financial structure and strategic growth plans. Operationally, Harrington highlighted that Zephyr’s primary focus is now on integrating the three previously drilled Paradox Basin wells, which are positioned to deliver near-term hydrocarbon production following the recent Competent Person’s Report, which confirmed a major upgrade in the company’s reserves and resources. The company continues to work closely with Enbridge on engineering and commercial documentation relating to its planned natural-gas transportation service, while simultaneously advancing required regulatory approvals. Zephyr is also nearing the final selection of a marketing partner for its natural gas and associated liquids, a key step toward commercializing upcoming production volumes. In addition, Zephyr has taken a strategic step to secure future growth by nominating a substantial amount of acreage for inclusion in forthcoming U.S. federal lease sales. Over the past three months, the company has nominated more than 60,000 net contiguous acres, positioning itself strongly for potential expansion. Management believes Zephyr’s existing acreage position and infrastructure footprint will offer a significant competitive advantage during upcoming federal auctions. Harrington announced that Zephyr has successfully refinanced its existing borrowing base and secured additional short-term loan facilities to support accelerated near-term development. The company’s senior lender, First International Bank & Trust (FIBT) of North Dakota, recently completed its semi-annual borrowing-base redetermination and reaffirmed the full value of Zephyr’s existing credit capacity. As of now, Zephyr’s total borrowing with FIBT stands at approximately US$22.1 million, down substantially from US$35.3 million in January 2024 and US$27.4 million in October 2024. FIBT’s latest evaluation placed the PV-10 value of Zephyr’s non-Paradox proved developed producing (PDP) assets at more than US$46 million, supporting the reaffirmed borrowing base. As part of the refinancing, Zephyr consolidated its two outstanding term loans with FIBT into a single, more efficient facility with a lower blended interest rate, improving the company’s financial flexibility. Harrington emphasized that these financial and operational milestones collectively position Zephyr for a transformative phase of development and value creation across its Paradox Basin portfolio. #proactiveinvestors #aim #zphr #otcqb #zphrf #ZephyrEnergy #OilAndGas #EnergySector #ColinHarrington #ProductionTest #ParadoxPlay #OilProduction #EnergyUpdate #BOE #Condensate #State36_2R #WellTestResults #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #OilAndGas #ParadoxBasin #EnergyInvestment #NaturalGas #ColinHarrington #EnergyDevelopment #AcreageExpansion #GasMarketing #EnergyFinance #UpstreamEnergy #ProactiveInvestors