Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy plc reports continued safe and precise drilling operations at the State 36-2R well in Utah’s Paradox Basin, with successful progress reaching a depth of 10,084 feet and preparing to drill the final horizontal section into the Cane Creek reservoir. The company is targeting a productive natural fracture system, aiming to replicate the success of a nearby well, and is moving towards production testing after the drilling is completed. Zephyr, committed to responsible and carbon-neutral resource development, is using cash flow from non-operated wells in the Williston Basin to fund this project in the Paradox Basin.
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