Zephyr Energy Plc told investors it expects to receive the new competent persons report (CPR) for the Paradox project, in Utah, in “the coming weeks”.
The company, in a statement, noted that because of the large scope of the CPR and a significant increase in activity in the North American oil and gas sector, there has been a slight delay to the report.
"Many factors have contributed to the CPR taking slightly longer than originally anticipated, but we do expect to receive the report from Sproule within the next few weeks,” said chief executive Colin Harrington.
“More importantly, we are excited about the detail and analysis provided to Sproule and have appreciated their thoughtful collaboration with our technical team to date.
“We look forward to updating the market on Sproule's completed evaluation, and on multiple additional fronts, over the coming few weeks."