By Josh White
Date: Tuesday 31 Dec 2024
LONDON (ShareCast) - (Sharecast News) - Zephyr Energy confirmed the receipt of $7.5m in funds to fully finance the drilling, completion, and production testing of the extended lateral on its State 36-2 LNW-CC-R well on Tuesday.
The AIM-traded firm said the development followed its earlier announcement on 18 December.
Drilling operations were scheduled to begin in mid-January 2025, as previously outlined.
Zephyr said it would provide further updates on the project as progress was made.
At 1055 GMT, shares in Zephyr Energy were up 8.33% at 3.25p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 4.10p |
Change Today | -0.38p |
% Change | -8.48 % |
52 Week High | 5.75p |
52 Week Low | 2.40p |
Volume | 6,899,635 |
Shares Issued | 1,750.72m |
Market Cap | £71.78m |
Beta | 0.04 |
RiskGrade | 818 |
Value |
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Price Trend |
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Income | ![]() |
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Growth |
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Strong Buy | 2 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 3 |
No dividends found |
Time | Volume / Share Price |
16:23 | 3,157 @ 4.07p |
16:21 | 2,543 @ 4.07p |
16:05 | 60,313 @ 4.15p |
15:52 | 250,000 @ 4.14p |
15:50 | 10,000 @ 4.16p |
CFO | Christopher Eadie |
CEO | Colin Harrington |
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