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Zephyr Energy ( (GB:ZPHR) ) just unveiled an update.
Zephyr Energy has received $7.5 million in funds to fully cover the costs of drilling, completing, and testing the extended lateral on the State 36-2 LNW-CC-R well. The company expects to commence drilling operations in mid-January 2025, marking a significant step in its development plans, particularly in its Paradox Basin asset, which is a critical component of its strategic focus. This funding is anticipated to enhance Zephyr’s operational capabilities and potentially strengthen its position in the industry.
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 emphasizes responsible stewardship of both investor capital and the environment, with a flagship asset in the Paradox Basin, Utah. Zephyr holds significant reserves and resources in this region and has additional interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana.
YTD Price Performance: 14.81%
Average Trading Volume: 2,933,034
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £54.27M
See more data about ZPHR stock on TipRanks’ Stock Analysis page.
