Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has entered into a binding agreement to acquire a package of oil and gas assets located on and around the Company s Paradox project, Utah, U.S.
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The recently acquired Whiting wells target production from the Bakken and Three Forks Formations in the Williston Basin of North Dakota, USA and consist of non-operated working interests in five wells located across three separate pads:
· The Iverson 11-14HU well, a well which is currently producing.
· The S-Bar 11-7HU and 11-7TFHU wells, which are drilled but uncompleted ( DUC ) wells.
· The Feehan 11-9HU and 11-9TFHU wells, which are also DUC wells.
The Company is pleased to announce that it received its first monthly revenue payment for production from its interest in the Iverson well. The payment of