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Zephyr Energy Initiates Paradox Basin Drilling

Zephyr Energy Initiates Paradox Basin Drilling

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

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Zephyr Energy Plc has announced the commencement of main drilling operations on the State 36-2 LNW-CC-R well at its flagship Paradox Basin project in Utah, with the process expected to take around 30 days. The drilling aims to reach a total depth of 10,362 feet and includes a potential horizontal extension into the Cane Creek reservoir. CEO Colin Harrington expressed enthusiasm for the operation’s start and the company’s commitment to safe, efficient procedures and forthcoming production testing.

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

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