Zephyr Energy sees multiple stacked reservoirs in State 16-2 well data
"It's an exciting time for the company as we continue our work to unlock the significant potential of our Paradox asset,” said chief executive Colin Harrington
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LON:ZPHR
Zephyr Energy PLC is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The company has a balanced portfolio of operated and non-operated assets, located in two established oil-producing basins in the Rocky Mountain region.
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"It's an exciting time for the company as we continue our work to unlock the significant potential of our Paradox asset,” said chief executive Colin Harrington
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Oil was virtually unchanged on the week, WTI down 9 cents whilst Brent eked out a 31 cent rise. The rally in the oil price had the sting taken out of it by the re-emergence of Covid in China, only a day or so before that had been the better
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A glance at some of the day's highlights from the Proactive Investors newswire
“We expect to receive multiple rounds of reservoir information, and we look forward to updating shareholders with our initial findings later this week”
"This is a fantastic result - we delivered on our two major objectives," said chief executive Colin Harrington
"2021 promises to be a very exciting year for the company," said chief executive Colin Harrington
Chief executive Colin Harrington described the start of drilling as “a watershed moment” for the company.
“It's an exciting moment for the company and its stakeholders as we begin to unlock the considerable value from our Paradox project," said Colin Harrington.
"We are ready to commence drilling in the very near term," chief executive Colin Harrington said
The Rocky Mountain oil and gas company said it has now received all the final approvals required to proceed with the spud of the State 16-2 well
The collaboration well is due to spud before the end of 2020
“I'm very encouraged by the momentum that we are building," said chief executive Colin Harrington
It was another busy week in the small-cap oil and gas sector.
The AIM-listed oil & gas firm said the placing of around 409mln new shares raised £2.25mln and has been conducted with a range of new, existing and institutional investors
Zephyr and the University of Utah’s Energy & Geoscience Institute have agreed on the funding of the planned stratigraphic research well
“Zephyr is a clean, low-overhead, unlevered and value-focused vehicle from which to build," said chief executive Colin Harrington