Business
Award of rig contract to CWC Ironhand Drilling
Award of rig contract to CWC Ironhand Drilling.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \n \n 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.\n \n \n \n \n \n \n \n \n 8 November 2022\n \n \n \n \n \n \n Zephyr Energy plc\n \n \n \n \n (\"Zephyr\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Award of rig contract to CWC Ironhand Drilling\n \n \n \n \n \n \n \n \n Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, is pleased to announce the\n signing of a rig contract with \n CWC Ironhand Drilling\n (\"CWC\") for its Ironhand Rig 118 (\"Rig 118\") to be used to drill the Company's State 36-2 LNW-CC well, the first of three wells designed to further delineate Zephyr's acreage position on its project in the Paradox Basin, Utah, U.S.\n \n \n \n \n \n Rig 118 will mobilise to site over the coming days, with the well expected to spud in the second half of this month. In the interim, the Company expects to set the conductor casing ahead of rig arrival prior to the commencement of the greater drilling operation.\n \n \n \n \n \n \n Colin Harrington, Zephyr's Chief Executive, said:\n \n \n \n \n \n \n \n \n \n \"Following the recent final permit award, Zephyr's operational team moved quickly to secure the rig contract with CWC. We are pleased with the operational momentum and look forward to getting the drilling campaign underway this month. \n \n \n \n \n \n \n \n \n \n \"We look forward to keeping investors informed as operations progress at the well site.\"\n \n \n \n \n \n \n \n \n \n \n Contacts\n \n \n \n \n \n \n \n \n \n \n \n \n \n Zephyr Energy plc\n \n \n \n Colin Harrington (CEO)\n \n \n Chris Eadie (CFO)\n \n \n \n \n \n \n \n Tel: +44 (0)20 7225 4590\n \n \n \n \n \n \n \n Allenby Capital Limited\n \n \n - AIM Nominated Adviser\n \n \n Jeremy Porter / Vivek Bhardwaj\n \n \n \n \n \n \n \n Tel: +44 (0)20 3328 5656\n \n \n \n \n \n \n \n \n \n \n Turner Pope Investments\n \n \n - Joint-Broker\n \n \n James Pope / Andy Th...