Zephyr Energy (GB:ZPHR) has released an update.
Zephyr Energy has announced the successful and safe completion of drilling operations at the State 36-2R LNW-CC well, reaching a total depth of 10,290 feet in the Paradox Basin, Utah. The company has encountered hydrocarbons within a large structural compartment, confirming early indications from the original well. Zephyr is now preparing for a production test to assess the well’s potential recoverable resources and overall reservoir characteristics.
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