ESG

The Board is unanimously committed to ensuring that every action and investment decision we make is in line with our core values of being responsible stewards of investors’ capital and responsible stewards of the environment.

Prudent and careful cash management and ESG focus are a central tenet of our philosophy. Good environmental and operational performance, supported by the appropriate levels of governance is the optimal way to drive superior investor returns.

We believe this is not only the right way to run Zephyr but the approach that will ensure our ongoing success on behalf of all stakeholders. This includes the following points of focus:

• Protecting the Group, safeguarding its existing asset base and positioning it for attractive growth opportunities;
• Seeking creative and beneficial funding opportunities to unlock value from our existing asset portfolio, as evidenced by the U.S. Government funding we received for our drilling programme on the Paradox project;
• Adopting a disciplined focus on growth via the acquisition of producing or near-term development opportunities in the Rocky Mountain region. In the current economic climate, we believe that attractive, value-additive acquisitions are available and may be acquired using non-traditional funding structures;
• Tight financial controls and cash preservation, which will enable the Group to continue trading effectively; and
• Continuing to ensure management and the Board are aligned with our Shareholders through significant ownership of shares.

 See our values to read more about our approach to Environment and investors’ capital.