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Pin to quick picksZephyr Energy Regulatory News (ZPHR)

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State 16-2LN-CC rig mobilisation

5 Jul 2021 07:00

RNS Number : 0877E
Zephyr Energy PLC
05 July 2021
 

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

 

5 July 2021

Zephyr Energy plc

(the "Company" or "Zephyr")

 

State 16-2LN-CC rig mobilisation

 

Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, provides an update on its flagship project in the Paradox Basin, Utah, U.S.A. (the "Paradox project" or the "project").

 

On 28 June 2021, Zephyr announced the signing of a drilling contract with Cyclone Drilling Inc. ("Cyclone") in order to secure Cyclone Rig #34 for the purpose of drilling the State 16-2LN-CC appraisal well. Last winter, the same rig successfully and safely drilled Zephyr's State 16-2 vertical well to a total depth of 9,745 feet in less than 19 days, a record performance versus historical drilling in the northern part of the Paradox Basin. Rig #34 is fully capable of drilling to the planned depths and pressures that are expected at the State 16-2LN-CC well.

Zephyr is pleased to announce that Cyclone plans to commence mobilisation of Rig #34 to the State 16-2LN-CC well site today.

Once on site in the coming days, the equipment will be rigged up over a period of a week in preparation for drilling, and Zephyr remains on track to spud the well before the end of July. Drilling is expected to take approximately 20 days following spud. Further updates will be provided in due course.

 

Colin Harrington, Zephyr's Chief Executive, said "I am delighted that the pieces are coming together for our forthcoming drilling programme, enabling us to commence drilling in line with our forecast timetable. With permitting and site preparation completed and rig mobilisation now commencing, we are in full countdown mode ahead of this highly anticipated drilling effort.

 

"Our key objectives are to drill a safe, responsible and successful well, and I'd like to thank our technical team and contractors for their meticulous preparation in helping us deliver on these objectives."

 

 

 

For further information please visit https://www.zephyrplc.com/ or contact:

Zephyr Energy plc

Colin Harrington (CEO)

Chris Eadie (CFO)

 

 Tel: +44 (0)20 7225 4590

Allenby Capital Limited - AIM Nominated Adviser

Jeremy Porter / Liz Kirchner

 

 Tel: +44 (0)20 3328 5656

 

Turner Pope Investments - Broker

James Pope / Andy Thacker

 

Flagstaff Strategic and Investor Communications

Tim Thompson / Mark Edwards / Fergus Mellon

 Tel: +44 (0)20 3657 0050

 

 

Tel: +44 (0) 20 7129 1474

 

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END
 
 
MSCEANXLESPFEFA
Date   Source Headline
22nd Nov 20227:00 amRNSHolding(s) in Company
21st Nov 20227:00 amRNS36-2 LNW-CC well – Drilling Operations Commenced
15th Nov 20227:00 amRNSQ3 2022 Williston Basin & Revenue Forecast Update
15th Nov 20227:00 amRNSQ3 2022 Williston Basin & Revenue Forecast Update
10th Nov 20227:00 amRNSDebt facility update
8th Nov 20227:00 amRNSAward of rig contract to CWC Ironhand Drilling
2nd Nov 20227:00 amRNSAward of Federal Drilling Permits
24th Oct 20227:00 amRNSCooperation agreement and operations update
10th Oct 20227:00 amRNSCompletion of acquisition of infrastructure assets
28th Sep 20228:37 amRNSInvestor Webinar
21st Sep 20227:00 amRNSHalf-year Report
14th Sep 20227:00 amRNSFurther Paradox acreage & infrastructure acquired
25th Aug 20227:00 amRNSAcquisition of additional Paradox acreage & update
15th Aug 20227:00 amRNSAppointment of Panmure Gordon as Joint Broker
11th Aug 20227:00 amRNSQ2 2022 results from Williston Basin portfolio
21st Jul 202210:28 amRNSResult of AGM
21st Jul 20227:00 amRNSAGM Statement
23rd Jun 20227:00 amRNSFinal Results
16th Jun 20227:00 amRNSNon-operated asset portfolio drilling update
7th Jun 20227:00 amRNSParadox Project Update
12th May 20224:41 pmRNSInvestor Webinar
11th May 20227:00 amRNSFirst Quarter 2022 Sales Update
6th May 20228:00 amRNSInvestor Webinar
26th Apr 20227:00 amRNSParadox Basin Reserves and Resource Evaluation
21st Apr 20227:00 amRNSTwo-year hedging programme implemented
8th Apr 20227:00 amRNSProduction update from Williston Basin portfolio
9th Mar 20224:42 pmRNSSecond Price Monitoring Extn
9th Mar 20224:36 pmRNSPrice Monitoring Extension
7th Mar 20227:00 amRNSParadox project update
28th Feb 20225:00 pmRNSTotal Voting Rights
17th Feb 20227:00 amRNSCompletion of US$36M Williston Basin acquisition
10th Feb 202211:45 amRNSResult of GM and Total Voting Rights
8th Feb 20224:30 pmRNSInvestor Webinar
7th Feb 20227:00 amRNSQ4 2021 production update from Williston Basin
1st Feb 20227:00 amRNSInvestor Webinar
28th Jan 202210:28 amRNSResult of Broker Option
26th Jan 20228:06 amRNS£12m placing & debt to fund Williston & Paradox
20th Dec 20217:00 amRNSUpdate on proposed acquisition in Williston Basin
8th Dec 20219:00 amRNSPrice Monitoring Extension
8th Dec 20217:00 amRNSSuccessful State 16-2LN-CC production test
30th Nov 20215:00 pmRNSTotal Voting Rights
25th Nov 202112:43 pmRNSHolding(s) in Company
22nd Nov 202111:05 amRNSHolding(s) in Company
22nd Nov 20217:00 amRNS$36m acquisition of non-operated production assets
11th Nov 20217:00 amRNSFirst hydrocarbons produced at State 16-2LNCC well
3rd Nov 20215:36 pmRNSExercise of warrants and change to TVR
1st Nov 20213:11 pmRNSExercise of warrants and change to TVR
29th Oct 20215:00 pmRNSTotal Voting Rights
29th Oct 20217:00 amRNSApproval for the formation of a new Federal Unit
25th Oct 20213:50 pmRNSExercise of warrants and change to TVR

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