Zephyr Energy Prepares for Major Drilling Expansion

Zephyr Energy (GB:ZPHR) has released an update.

Zephyr Energy is gearing up for significant drilling operations on its State 36-2R LNW-CC well at the Paradox project in Utah, with plans to extend the lateral by 5,500 feet. The $7 million operation is fully funded by a U.S. industry investor, ensuring no dilution of company equity. Additionally, Zephyr has appointed Canaccord Genuity Limited as a Joint Broker to strengthen its advisory team.

For further insights into GB:ZPHR stock, check out TipRanks’ Stock Analysis page.