RE: Where we are11 Dec 2025 12:58
Both Valkors drilled wells are currently 'shut in' and have been since Jan-25. It looks as if there has been work on one of the wells using the downhole THOR method, following approval by Utah DOGM in Sept'25 but potentially due to lax reporting requirements; there doesn't look to be any further developments for the time being - whether successful or not in extracting oil. Valkor also have 2 rejected permits and another 6 permits that are outstanding approval (submitted April '24) on the system.
Utah will be extremely lucrative IF it succeeds but many have tried and so far none have got close - including Valkor.