US: Zephyr Energy provides update on North Dakota and Paradox Basin assets
04 May 2021
AIM-listed
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, has provided an update on its recently acquired non-operated working interests in
North Dakota, USA (the Whiting wells ), to announce the acquisition of additional near-term production interests in the nearby area (the Continental acreage ), and to provide an update on its project in the
Paradox Basin, Utah.
North Dakota assets: operations update
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:
Oil price, Zephyr, Far, Trinity, SDX, Helium One.
Helium One Global (AIM:HE1)
Helium One has announced the completion of its extended infill 2D seismic campaign and identification of new priority drill ready targets ahead of commencement of exploration drilling programme at Rukwa Project (100%) in Tanzania.
Oil price, Zephyr, Far, Trinity, SDX, Helium One. And finally…
WTI $64.49 +91c, Brent $67.56 +80c, Diff -$3.07 -11c, NG $2.97 +4c, UKNG 61.26p +1.02p
Oil price
Oil is without doubt feeling comfortable taking the bull tack at present, whilst the battle between the optimists, who see the USA and China growing fast and with that concomitant rises in demand for gasoline and product across the board and the pessimists who see the virus raging across India is being won by the former. Whatever is happening elsewhere it seems that Covid is in retreat Stateside and the lumber price is up 80% as people restart construction with a boom.
Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, is pleased to advise that a new Corporate Presentation will shortly be available on its website at https://www.zephyrplc.com/investors/reports-presentations/ As announced on 8 February, the Company s Chief Executive Officer, Colin Harrington, will be delivering this presentation at the Proactive Investors One2One virtual investor forum this evening, which starts at 18:00 GMT and which can be accessed through the following link https://event.webinarjam.com/register/903/1nnlvtpg4
The Corporate Presentation provides details of on the Company s project in the Paradox Basin, Utah, U.S. (the Paradox or the Paradox project ) and on the State 16-2 well that was recently drilled. In addition, and further to the Company s announcement on 25 January 2021, the presentation includ
data evaluation ongoing;
corporate outlook regarding the new U.S. Administration
Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, provides an update on its project in the Paradox Basin, Utah, U.S. (the Paradox or the Paradox project ) and other matters . As previously announced, the State 16-2 well was drilled successfully and safely to a total depth ( TD ) of 9,745 feet in less than 19 days, a record performance versus historical drilling in the northern part of the Paradox Basin. In addition: · The data acquisition programme secured 113 feet of continuous core from the Cane Creek reservoir.