Zephyr Energy PLC chief executive Colin Harrington joined Proactive London to discuss the company's acquisition of a "perfect set of assets", including infrastructure and acreage, adjoining its Paradox project in Utah, USA.
As he says, the purchase is part of the company's wider goal, which is "to develop the next great unconventional basin in the US".
Building the success of the first horizontal well last year, Harrington explains how the acquisition should be a cost effective means of taking the project from just an appraisal project to one that also generates cashflow.