An update from Zephyr Energy ( (GB:ZPHR) ) is now available.
Zephyr Energy has successfully completed the drilling of the State 36-2 LNW-CC-R well, reaching a depth of 15,288 feet. The drilling adhered closely to the planned trajectory, and the team observed elevated mud gas levels, indicating potential for resource extraction. Production testing is scheduled to conclude by March 2025, potentially impacting the company’s resource development and market position positively.
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’s flagship asset is a 46,000-acre leaseholding in the Paradox Basin, Utah, with significant reserves. Zephyr also owns interests in non-operated wells in the Williston Basin and aims to fund Paradox Basin development through cash flow from these wells, while exploring opportunistic acquisitions.
YTD Price Performance: 1.61%
Average Trading Volume: 2,487,483
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £55.15M
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