Zephyr Energy ( (GB:ZPHR) ) just unveiled an update.
Zephyr Energy has successfully completed perforation operations on the State 36-2 LNW-CC-R well in the Paradox Basin, Utah, using advanced technology to enhance reservoir connectivity. The company plans to commence production testing soon, with results expected by the end of April 2025, which will help optimize future operations and potentially strengthen its market position.
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 and resources. Zephyr also holds interests in non-operated wells in the Williston Basin, using cash flow from these to fund Paradox Basin development and potential acquisitions.
YTD Price Performance: 3.23%
Average Trading Volume: 2,502,688
Technical Sentiment Signal: Hold
Current Market Cap: £63.03M
For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.