About
Introduction
Zephyr Energy (LON: ZPHR) is an investment platform formed to aggregate responsibly-developed, economically-attractive oil and gas interests in the Rocky Mountain region of the United States. We harness the decades of collective experience of our management team, combined with a sophisticated application of technology, to purchase and develop choice assets at attractive valuations from distressed industry participants.
Zephyr’s Management and Board have a track record of building and managing businesses that provide value to shareholders, customers and the broader community. Moreover, we are committed to best environmental practices as related to the development of our assets, and we engage with our communities and stakeholders (see Core Values section here) to deliver economic value effectively and responsibly.
With the current and significant disruption in the U.S. oil and gas sector, Zephyr’s team believes it is an excellent time to invest in carefully vetted acquisition opportunities. Our directors have invested their own capital into Zephyr – our Board and affiliates have collectively purchased more than 25% of the Company’s outstanding shares. We invite existing and new shareholders to join alongside in a pursuit of responsible growth.
Strategy
We focus entirely on upstream development in the Rocky Mountain region of the American West.
Zephyr’s public listing allows outside investors to benefit from the experience and technology created by our management – our public investors sit alongside our team as we seek to acquire quality assets in the distressed US marketplace. Over the longer term, investors will also have the chance to benefit from the significant upside offered by our legacy Paradox Basin appraisal assets, as well as from a $15 million tax loss asset which can make the Group’s acquisition efforts all the more optimal.
To meet our goal of building a sustainable business that consistently returns cash to shareholders, we manage cost exceptionally closely and abstain from the use of significant leverage. Our acquisitions will be measured by their impact on corporate cash flow, rather than misleading metrics such as well level IRRs and production volumes.
We also seek to leverage partnerships with significantly larger public and private entities, such as the US Department of Energy and private institutional co-investors, in order to maximize our corporate growth with a minimum of dilution for our shareholders.
In addition to being responsible stewards of our shareholders capital, we seek to be responsible stewards of the environment around us – we put an ESG focus at the core of our activities. For more on our commitment, see our Core Values section here.
Board & Management
Our team has a consistent track record of success in building businesses in the oil and gas industry. As investors with 25% ownership in Zephyr, our team’s interests are in lockstep with those of all shareholders.
The team we have assembled has decades of collective experience and successful track record of acquisitions, turnarounds and exits – including specific experience with successful E&P development in the Rocky Mountain region. Prior successes include the turnaround and sale of Cabot LNG for $800 million and the acquisition and subsequent sale of the DJ Basin’s Stillroven Field, which was acquired from Anadarko, permitted, drilled and successfully sold to Great Western in less than two years.
Core Values (ESG)
We believe the U.S. E&P industry, over the past decade, has been largely destructive both economically and environmentally. Zephyr vows to counter that destruction, but we believe engagement with the industry is more effective than divestment.
Our team is guided by twin core values:
- To be responsible stewards of our shareholders capital; and
- To be responsible stewards of the environment and communities in which we operate.
Our vow to be responsible stewards of the environment starts with a strong, independent board to provide strict governance and oversight. In addition, Zephyr is developing key operating guidelines which will include the following:
- We commit to only participate in projects which can be tied to existing infrastructure. No flaring. Ever.
- We will strive to evaluate and utilize new technologies, such as continuous emissions monitoring at our projects, to the greatest extent possible.
- We are active participants in our local communities and, in particular, as supporters of land and grassland conservation projects.
