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Zephyr Energy ( (GB:ZPHR) ) has issued an announcement.
Zephyr Energy has commenced drilling operations for an extended lateral on the State 36-2 LNW-CC-R well in the Cane Creek reservoir. This operation is expected to take 30 days, with results anticipated by the end of March 2025. The development is part of its strategic focus on the Paradox Basin, with cash flow from other assets funding these projects, potentially enhancing its market positioning and offering growth opportunities for stakeholders.
More about Zephyr Energy
Zephyr Energy plc is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The company operates a 46,000-acre leaseholding in the Paradox Basin, Utah, with significant reserves and resources, and also holds interests in producing wells in the Williston Basin, with cash flow supporting further development and potential acquisitions.
YTD Price Performance: 9.68%
Average Trading Volume: 2,918,287
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £59.52M
Learn more about ZPHR stock on TipRanks’ Stock Analysis page.
