Zephyr Energy PLC (ZPHRF)

[ToyotaMR2s]

Some old trade magazine article from OCT 2014 mentions the two tickers as the same, i don't understand why this is so low though if the one is trading at .14 or whatever, something not adding up:



Rose Petroleum (Utah) LLC, the wholly
owned U.S. subsidiary of London-based
Rose Petroleum Plc (OTC: VNHLF; LSE:
ROSE) acquired all the Uinta Basin assets
of SEP-Cisco Dome LLC, a privately
owned oil and gas operator, Rose Petroleum
said Oct. 10. The assets also belong
to “various other entities,” the company
added.
The Uinta assets adjoin Rose Utah’s
current 118,000-gross acre Mancos Shale
project, the company noted.
For $1.5 million in cash, Rose Utah
received midstream and upstream assets
on about 11,000 leasehold acres.
There are about 76 miles of gathering
lines. There are 52 wells—17 producing
and 35 shut-in—producing about 14 million
cubic feet of gas and 110 barrels of
oil and NGL per month, Rose Petroleum
said.
Rose Utah has a working interest of
roughly 99%, and an average net revenue
interest of roughly 75%, Rose Petroleum
added.
John Blair, CEO of Rose Utah, said,
“this acquisition not only gives us all-important
production and additional Mancos
assets, but importantly it also gives
us control of the local midstream gas
system and, in turn, significant leverage
for future acquisitions in the area. The
acquisition also has the added benefit of
providing us with the ability to control
the transportation and processing of gas
associated with our Mancos oil production.”
Rose Petroleum’s CEO, Matthew Idiens,
said, “We are extremely pleased to
be able to update shareholders on this
important acquisition which we view as
a significant step in the process of establishing
Rose as one of the leading operators
in the area.”


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