Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has kicked off drilling operations at the State 36-2 LNW-CC well at the Paradox project in Utah, where it is targeting the Cane Creek reservoir.
The company, in a statement, detailed that the well programme will comprise 20,456 feet of vertical and some 10,346 feet of horizontal drilling.
Its intention is to further delineate the Cane Creek reservoir beyond the productive State 16-2 LN-CC well and the nearby Federal 28-11 well, the company added.
It’s expected that drilling will last for around 30 days, and, after reaching target depth it is anticipated that a completion crew will be mobilised to hydraulically stimulate the horizontal portion of the well, before production testing begins.
"The commencement of drilling of the State 36-2 LNW-CC well is another landmark moment for the company in its pursuit of unlocking the significant potential upside value from the Paradox project,” said chief executive Colin Harrington.
He added: “The focus now turns to drilling and operating in the safest and most effective manner possible, and I know this commitment is shared by all personnel on the drill site.
"While Zephyr's primary objective for the well is to target production from the Cane Creek reservoir, we also plan to use the drilling operation to acquire important additional data from overlying reservoir targets.”