Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy reports promising initial production test results from its State 36-2R well in the Paradox Basin, Utah, with peak production rates reaching 1,350 barrels of oil equivalent per day and high condensate yields sold at prices close to WTI crude. The well showed high reservoir deliverability and pressure, with minimal water production, potentially boosting well economics. The company plans to enhance well connectivity through acidisation and is exploring broader development options based on these positive outcomes.
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