Zephyr Energy PLC (LSE:ZPHR) has successfully completed the drilling of the State 16-2LN-CC well in the Paradox basin, Utah, reaching a target depth of 14,370 feet.
The well successfully encountered the primary Cane Creek reservoir target, along with secondary targets in overlying reservoirs. Some 4,555 ft of Cane Creek reservoir was penetrated including the lateral part of the well, Zephyr noted.
Initial results indicate hydrocarbon charge across the entirety of the Cane Creek reservoir, it added.
“We hit the Cane Creek reservoir target with success and stayed within that reservoir across the entire lateral portion of the well,” said chief executive Colin Harrington. "Now that we've set production casing, we have an excellent well bore from which to complete the well and test production from the Cane Creek reservoir - and the log data gathered during drilling operations will help determine the optimal method by which to do so.
"The evaluation of the logs is underway, and we will keep our shareholders informed in the coming days when the output from that analysis is finalised and the method for completing the well is selected."