Zephyr Energy Reports Promising Well Results and Strategic Developments

Zephyr Energy ( (GB:ZPHR) ) has shared an announcement.

Zephyr Energy has announced promising initial results from its State 36-2R well at the Paradox project, indicating high productivity and potential for increased recoverable resources. The company is optimistic about further optimization and development, with the potential for substantial growth in project acreage. Additionally, Zephyr’s Williston project continues to generate cash flow, and the company is evaluating new opportunities through its Zephyr Hawk subsidiary, supported by a strategic partnership.

The most recent analyst rating on (GB:ZPHR) stock is a Buy with a £0.11 price target. To see the full list of analyst forecasts on Zephyr Energy stock, see the GB:ZPHR Stock Forecast page.

More about Zephyr Energy

Zephyr Energy PLC is an energy company operating primarily in the oil and gas industry. The company focuses on exploration and production activities, with key projects in the Paradox Basin, Utah, and the Williston Basin, North Dakota and Montana, U.S. Zephyr Energy aims to leverage innovative technologies to optimize resource extraction and enhance its asset portfolio.

Average Trading Volume: 4,440,142

Technical Sentiment Signal: Buy

Current Market Cap: £78.78M

For detailed information about ZPHR stock, go to TipRanks’ Stock Analysis page.