RE: S P30 Apr 2025 12:15
New Turner Pope note
Zephyr Energy plc
Zephyr’s key ongoing production test (the ‘test’) on the State 36-2 LNW-CC-R
well (the ‘Well’), at its project in the Paradox Basin, Utah, is expected to
conclude in the coming days, with initial test results expected to be available
shortly thereafter. While representing a few days slippage from the
schedule indicated on 8 April, due to minor operational and equipment
availability issues, testing operations are now progressing as planned.
Along with today’s update, Zephyr also provided a recent image of the flare
generated during the production test at the Well, as below:
Earlier this month, Zephyr confirmed the lateral portion of the Well had been
successfully perforated with 98 cuts across a total of 16 stages targeting
optimised sections of the reservoir. As part of the operations, the Group
deployed a wellbore perforating technology developed by Halliburton which
used a mix of sand and water to cut cavities through the casing and into the
reservoir in order to maximise the reservoir's connectivity.
Pressure response during the cutting operations suggests the wellbore has
good connection to the highly pressured Cane Creek reservoir. After
perforations were completed, the Well was treated with acid, as planned, to
maximise near-wellbore formation permeability.
As part of the production testing operation that followed, a fibre optic cable
has been deployed alongside the production tubing to gather pressure and
temperature data so that the production rate of each individual stage may be
assessed. This will allow Zephyr's team to further understand the production
capacity of the reservoir and to optimise stimulation techniques for future
operations.
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/7fe37535-ec65-a2c7-02b8-25226f7a432e/ZephyrEnergyplc_ResearchUpdate_30April2025__FINAL_BG.pdf
Sign In
Follow the stocks
