Zephyr Energy Plc (GB:ZPHR) has released an update.
Zephyr Energy Plc has reported steady progress with its State 36-2 LNW-CC-R well in Utah’s Paradox Basin, reaching a current depth of 6,010 feet and planning to drill further to a total depth of 10,362 feet. The company’s Williston Basin project in North Dakota has produced hydrocarbon in line with expectations for Q1 2024. Additionally, Zephyr has announced the exercise of warrants, adding 171,429 new ordinary shares, consequently updating the company’s total voting rights to 1,750,719,020.
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