Zephyr Energy said Tuesday that it has raised 3.15 million pounds ($3.9 million) via a share placing and subscription and will use the money for capital expenditure at its Paradox Basin project in Utah, U.S.
The London-listed U.S.-focused energy company has issued 90 million new ordinary shares at 3.5 pence each, a 5.7% discount to Monday’s closing price of 3.70 pence.
“The funds raised will enable the company to continue delivering on its key strategic objective of bringing the Paradox project into commercial production over the coming months, while bridging to the significant revenues expected from both the Paradox project and the company’s Williston assets,” Chief Executive Colin Harrington said.
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Write to Christian Moess Laursen at christian.moess@wsj.com
SALT LAKE CITY — Utah Gov. Spencer Cox is expected to easily win reelection in the deeply red state, but his surprising choice to back Donald Trump this year has voters wondering what they should expect over the next four years from a leader they long thought to be a moderate Republican.
Cox is favored to win over Democrat Brian King, a trial lawyer and state representative who served for eight years as Utah’s House minority leader.
The governor also faces conservative write-in candidate Phil Lyman, who urged his supporters to vote for him instead of Cox after losing the Republican primary in June. Lyman’s campaign threatens to pull some Republican support away from Cox, but it likely won’t be enough to affect the outcome.
While moderate Republicans have historically fared well in Utah’s statewide elections, Cox has recently sought to convince voters that he is more conservative than his record shows.
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The governor bewildered voters and political observers when he pledged his support to Trump after the July assassination attempt on the former president. Cox did not vote for Trump in 2016 or 2020.
Cox’s sudden turnabout has risked his reputation with his moderate voting base while likely doing little to win over followers of Trump’s “Make America Great Again” movement, many of whom booed Cox at the state GOP convention this year.
The governor has dug in his heels in the months since he backed Trump. He reaffirmed his commitment to Trump in September even as the former president faced scrutiny for ramping up rhetoric against immigrants — behavior Cox said he hoped Trump would abandon when he endorsed him in July.
House Minority Leader Brian King, D-Salt Lake City, talks to members of the media at the Capitol in Salt Lake City, May 19, 2021. Credit: AP/Kristin Murphy
Cox also has appeared with Trump on the campaign trail and at Arlington National Cemetery, where each appearance was ensnared in a controversy. After Trump’s staff had an altercation with a cemetery official, Cox broke rules — and likely federal law — in using a graveside photo with Trump in a campaign fundraising email.
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Trump has not in turn endorsed Cox’s bid for a second term in the governor’s office.
Polls statewide open at 7 a.m. and close at 8 p.m.
If the University of Utah football season were a movie, it would be “The Perfect Storm.” You know the story. Captain Whittingham and the gang catch a lot of big fish and think they’re headed for a big pay day. There are lots of warning signs that trouble is coming, but, yeah, they sail on — right into the perfect storm.
Parts are flying off the boat. Members of the crew are being thrown to the floor and getting injured, especially first mate Cam Rising. Senior XO Andy Ludwig jumps overboard. The boat is heavy and slow. They are thrown for a loss, over and over … and then they get steamrolled.
Everything that can go wrong, goes wrong.
Special Collector’s Issue: “1984: The Year BYU was Second to None”
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Get an inclusive look inside BYU Football’s 1984 National Championship season.
Meanwhile, their neighbors, BYU, are living in La La Land. Everything they touch is gold. Everything that can go right, goes right. It’s one big Hallmark movie, with Reese Witherspoon in the lead. Sometimes it looks like they’re in trouble, but, nope. Take the Kansas State game. The offense slept through the whole thing, but the team won 38-9 behind punt returns, fumble returns and interceptions. It was like Christmas, a birthday and an anniversary rolled into one half of a game.
Then there was Baylor, which outgained BYU by 120 yards — and lost.
The Cougars are living a charmed life.
Exactly no one saw any of this coming. Can we all agree that preseason polls — and polls in general — are fun but worthless. In both the AP and ESPN preseason polls, Utah was 12th and BYU unranked (the Cougars also didn’t get a single vote for the “others receiving votes,” which was 17 teams deep).
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Utah was picked to finish first the Big 12; BYU was picked to finish 13th.
As of this week: BYU is first, Utah 13th.
BYU is 8-0, Utah 4-4 and riding a four-game losing streak. BYU is ranked No. 9 in the national polls; Utah has fallen out of the rankings.
They flipped the script.
Utah and BYU will meet in Rice-Eccles Stadium on Saturday.
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Utah’s season is an unmitigated disaster. Much has been made of the loss of injury-prone quarterback Cam Rising, who missed all of last season while recovering from surgery. He played one and a half games this season before getting injured again, only to return for one game weeks later and incurring another injury on the second play of the game, one that sidelined him for the season. He could return for an eighth season next year, which invites comparisons to the old bit in “Tommy Boy.”
Lots of people graduate in seven years!
Yeah, they’re called doctors.
Anyway, the point is — and Coach Kyle Whittingham would be the first to say this — a solid program should be able to weather the loss of any one player without falling off a cliff. The Utes managed to win eight games without Rising last season. In retrospect, heading into the 2024 season maybe they should have planned better for a potential injury to Rising, especially given his long list of injuries. Instead, they replaced him with a true freshman quarterback, one who was in the state high school playoffs a year ago.
If the transfer portal were a physical place, you wouldn’t want to stand in front of the doors this winter at Utah. There’s going to be a stampede. Also, the Utes will go quarterback shopping.
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On the 40th anniversary of BYU’s unbeaten national championship season, BYU is doing a good imitation of that magical run. A year ago they won only five games. Good luck finding any preseason predictions that placed BYU in the top 10 of the Big 12 or the national top 25.
It’s time to take BYU seriously. The Cougars handed 13th-ranked SMU its only loss of the season. It handed No. 22 Kansas State one of its two losses. Another of their victims, Oklahoma State, has been ranked as high as 13th. The Cougars rank 29th in strength of schedule, according to the highly respected Sagarin ratings, even though five of their wins have come against teams that currently have losing records.
The Cougars suddenly find themselves among the leading candidates for a berth in the newly expanded, 12-team College Football Playoff. The schedule favors them; their final four regular-season games match them with Utah (four wins, four losses), Kansas (2-6), Arizona State (5-2) and Houston (3-5). The two road games — Utah and Arizona State — pose the biggest challenges.
The Cougars have a lot riding on those games.
Utah head coach Kyle Whittingham looks looks on from the sideline during game against TCU at Rice-Eccles Stadium in Salt Lake City on Saturday, Oct. 19, 2024. The Utes will look to spoil the Cougars’ perfect season Saturday night at Rice-Eccles Stadium. | Brice Tucker, Deseret News
While the Utah Jazz and their front office bolstered their youth movement a bit during this summer by the selection of three new appealing rookies within the first 32 picks of the draft, the team hasn’t been as fortunate in seeing all three of them play to start this fresh season off.
10th-overall selection Cody Williams and second-rounder Kyle Filipowski have made their way into the rotation early on, and even into the starting lineup just six games into the new campaign. However, when it comes to 29th-overall pick Isaiah Collier, Utah has remained cautious on his return from injury, as he suffered a right hamstring strain less than a week before the 2024-25 season.
Things seem to be turning around for Collier though, as the latest update from the team indicates that the rookie guard will be ramping up his on-court activity in the coming days:
“Isaiah Collier (right hamstring strain) has continued to participate in on-court activities and is progressing towards a return.”
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The USC guard grabeed the attention of fans during his preseason campaign, thanks to his defensive prowess and ability to generate steals at a high rate. During his preliminary set of games, Collier generated seven steals through four games.
Fans will have to wait a bit longer to get a closer look at the Jazz’s third rookie, but Utah has a ton of time at their disposal considering their current rebuilding timeline. Looking ahead, Collier could perhaps make his return once the Jazz return home from their four-game road trip, but it may ultimately be based upon how quickly his recovery process goes during on-court activities.
Keep a keen eye on the rookie’s status during the next week or so, with his debut likely to take place sooner rather than later.
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