Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy has announced an additional $250,000 grant from the U.S. Department of Energy to support evaluation of production data from its State 36-2R well in Utah’s Paradox Basin. This grant contributes to a total of $3.65 million in DOE funding the company has received for the project. Drilling operations are advancing as planned, with precision targeting of the well’s intersection with the Cane Creek reservoir.
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