Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) told investors that drilling operations have now begun at the State 36-2R well site, in Utah’s Paradox basin.
The company, in a statement, said that a small and low-cost spudder rig started the well, drilling a 30-inch hole to a depth of 96-feet before successfully setting 20-inch conductor casing.
Next, the remainder of the next phase of drilling is expected to start by mid-April using the Helmerich & Payne Rig 257.
"We continue to make good progress at the well-site and are well prepared for the next phase of drilling which is expected to commence in mid-April,” chief executive Colin Harrington said in a statement.