RE: Wait, what?25 Aug 2022 08:45
blissful, its in the RNS.
The Company also continues with extensive preparatory work related to its upcoming high impact drilling programme. The State 36-2 LNW-CC well, with a 10,000-foot lateral well targeting the Cane Creek reservoir, has been designated as the first of the three wells planned to be drilled. As previously noted, the Company updated its APD with the BLM to reflect the extended lateral. Zephyr will proceed with drilling operations upon receiving Federal approval and securing a rig contract. All state level approvals related to the State 36-2 LNW-CC well have now been received.
"With the new acreage secured, we plan to spud the State 36-2 LNW-CC as soon as final permits are received and a rig contract is secured. We will be providing a full update on the proposed drilling programme once the final permits have been issued.