The latest update is out from Zephyr Energy ( (GB:ZPHR) ).
Zephyr Energy has announced the ongoing production test on its State 36-2 LNW-CC-R well in the Paradox Basin, Utah, is nearing completion, with results expected soon. Despite minor delays due to operational issues, the test is progressing as planned, which could impact Zephyr’s operations and market positioning positively by confirming the potential of their flagship asset.
More about Zephyr Energy
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’s flagship asset is a 46,000-acre leaseholding in the Paradox Basin, Utah, with significant reserves and resources. Zephyr also holds interests in non-operated wells in the Williston Basin, using cash flow from these to fund further development and potential acquisitions.
YTD Price Performance: 45.16%
Average Trading Volume: 2,844,232
Technical Sentiment Signal: Sell
Current Market Cap: £78.78M
For an in-depth examination of ZPHR stock, go to TipRanks’ Stock Analysis page.