Zephyr Energy plc

Equities

ROSE

GB00BF44KY60

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:05 2024-04-26 am EDT			5-day change	1st Jan Change
4.35 ^GBX	-4.40%		+2.35%	+61.11%

Apr. 25	EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling	AN
Apr. 25	Zephyr Energy plc Announces the Spud and Start of the Main Drilling Operation on the State 36-2 LNW-CC-R Well At Zephyr's Project in the Paradox Basin, Utah, U.S	CI

Zephyr says planning for State 36-2 well redrill continues

February 08, 2024 at 09:14 am EST

Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountain region of the US - Says it continues to progress planning for the "twinned" and fully-funded redrill of the State 36-2 well. Retains full well control insurance and expects to recover substantially all costs associated with the redrill. Chief Executive Officer Colin Harrington says: "Our team continues its intensive and robust planning process for the State 36-2R well and once the sundry amendment to the drilling programme is approved, we will seek to expedite operations at site to commence drilling operations as soon as possible.The team has done excellent work in progressing major contracts and infrastructure solutions, and we look forward to providing continued news flow over the coming weeks and months."

Current stock price: 2.50 pence, up 2.0%

12-month change: down 63%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
INSURANCE GROUP LIMITED	5.34 AUD	+0.75%	+1.91%	1.27B
ZEPHYR ENERGY PLC	4.35 GBX	-4.40%	+2.35%	91.38M

Latest news about Zephyr Energy plc

EARNINGS AND TRADING: ECO Animal revenue up; Zephyr starts drilling	Apr. 25	AN
Zephyr Energy plc Announces the Spud and Start of the Main Drilling Operation on the State 36-2 LNW-CC-R Well At Zephyr's Project in the Paradox Basin, Utah, U.S	Apr. 25	CI
Zephyr Energy Starst Work on New Well at Flagship US Project	Apr. 17	MT
Zephyr Energy begins drilling operations in flagship Utah project	Apr. 17	AN
Zephyr Energy plc Provides an Operational Update on the State 36-2 LNW-CC-R Well at its Project in the Paradox Basin, Utah, U.S	Apr. 17	CI
EARNINGS AND TRADING: Arbuthnot ups payout as profit more than doubles	Mar. 28	AN
Zephyr Energy Names New CFO, Chief Accounting Officer	Mar. 28	MT
Zephyr Energy plc Announces Executive Changes	Mar. 28	CI
Empire Metals targets key milestones in Australia	Mar. 27	AN
Zephyr Energy plc Provides Salt Wash Helium Project Update	Mar. 27	CI
Zephyr Energy shares surge as drilling starts at flagship project well	Mar. 22	AN
Zephyr Energy Kicks Off Drilling at State 36-2R Well in Utah	Mar. 22	MT
Zephyr Energy plc Announces Commencement of Initial Drilling Operations	Mar. 22	CI
Zephyr Energy to Seek Acquisitions	Mar. 16	CI
Zephyr Energy inks rig contract to progress Utah-based well	Mar. 15	AN
Zephyr Energy Secures Contract for Use of Drilling Rig	Mar. 15	MT
Zephyr continues planning for redrill of State 36-2 well	Mar. 11	AN
Zephyr Energy plc Provides an Update on Its Operated Project in the Paradox Basin, Utah, U.S	Mar. 11	CI
EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV	Feb. 29	AN
Zephyr Energy plc Reports Production Results for the Fourth Quarter and Full Year of 2023 from Williston Basin Portfolio	Feb. 29	CI
Zephyr Energy gets Utah well drilling permit amendments approvals	Feb. 14	AN
Zephyr Energy Gets Final Regulatory Approvals for Well Spudding in Utah, US	Feb. 14	MT
Zephyr says planning for State 36-2 well redrill continues	Feb. 08	AN
Zephyr Energy Flags Higher Q4 Production Rate from US Oil Assets	Dec. 15	MT
Zephyr Energy production up as Slawson operations exceed expectations	Dec. 15	AN

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Company Profile

Zephyr Energy PLC is a United Kingdom-based technology-led oil and gas company. The Company is focused on the delivery of economic returns from responsibly developed oil and gas projects in the Rocky Mountain region of the United States. The Company's flagship asset is an operated 45,000-acre lease holding located in the Paradox Basin, Utah. The Company owns working interests in a broad portfolio of non-operated producing wells across the Williston Basin in North Dakota and Montana. The Williston portfolio consists of working interests in approximately 200 modern horizontal wells which are expected to provide production of 1,550 - 1,750 barrels of oil equivalent per day. The Company is also engaged in evaluating transactions that provide the Company with near-term, low-risk horizontal development drilling exposure in the prolific DJ Basin. DJ Basin is a liquids-rich resource play.

Sector

Oil & Gas Exploration and Production

Calendar

2024-06-25 - Q4 2024 Earnings Release (Projected)

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ESG Refinitiv

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Sell

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Mean consensus

BUY

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Last Close Price

0.0435 GBP

Average target price

0.133 GBP

Spread / Average Target

+205.75%

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