9th Jul 2024 16:09
Zephyr Energy PLC - Rocky Mountain region-focused oil & gas company - Reports beginning of well production test on State 36-2R LNW-CC well in Paradox Basin, Utah.
"The well is currently flowing both natural gas and condensate, and the company is encouraged by initial results," it adds. "Over the next two weeks, the well will be flowed and production tested to more rigorously determine the reservoir pressure, fluid composition, well flow rate and bulk reservoir permeability, and to deliver an early estimate of the overall potential recoverable resources."
Current stock price: 4.76 pence
12-month change: up 40%
By Eric Cunha, Alliance News news editor
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