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Zephyr Energy ( (GB:ZPHR) ) just unveiled an update.
Zephyr Energy announced successful initial results from the production test of the State 36-2R well at its Paradox Basin project in Utah. The test revealed promising flow rates and sufficient deliverability for commercial viability, with peak production reaching 2,848 boepd. The results suggest the potential for a larger reservoir volume and enhanced project economics due to elevated liquid yields and minimal water production. These findings indicate a significant advancement for Zephyr’s Paradox project and its broader development strategy.
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 operates a 46,000-acre leaseholding in the Paradox Basin, Utah, and owns working interests in non-operated wells in the Williston Basin, North Dakota, and Montana. Zephyr’s mission emphasizes responsible stewardship of investor capital and environmental resources.
Average Trading Volume: 3,282,233
Technical Sentiment Signal: Buy
Current Market Cap: £80.53M
For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.