Zephyr Energy’s Colin Harrington says new CPR confirms “huge value and scale” at Paradox project
| Zephyr Energy Plc chief executive Colin Harrington joined Katie to give Proactive the lowdown on the company’s hotly-anticipated resource update for the Paradox basin project in Utah. The independent review confirms Zephyr’s belief in the project’s “huge value and scale”, Harrington says. Importantly, Harrington told Proactive the CPR delivers three key insights to Zephyr – (1) for the first time, the company has booked proved and probable or ‘2P’ reserves (2) contingent resource volumes have more than doubled and (3) it gets the first look at an independent assessment of the overlying reservoirs and the prospective resources that those might hold. “We’re really, really happy with the progress that’s being made here,” Harrington said. |
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