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Successful initial results from production test
Successful initial results from production test.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n\n \n \nPrior 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 \n7 May 2025\nZephyr Energy plc\n(\"Zephyr\" or the \"Company\")\n \nSuccessful initial results from State 36-2R well production test\n \nZephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF) is pleased to provide initial results from the production test on the State 36-2 LNW-CC-R well (the \"well\") at the Company's flagship project in the Paradox Basin, Utah, U.S. (the \"Paradox project\"). \n \nDuring the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient deliverability for a commercial well.\n \n\n\n\n\n\n\n\n\n\n \n \nInitial production test observations include:\n· A peak rate of 2,848 barrels of oil equivalent per day (\"boepd\") (11.9 million standard cubic feet per day (\"mmscf/d\") and 856 barrels of oil per day (\"bopd\")) on a 18/64-inch choke setting, which was achieved with no material drop in bottom hole pressure.\n \n· During a separate, planned 48-hour period of stable flow, the well delivered steady production rates averaging 3-4 mmscf/d and 200-400 bopd (700-1,066 boepd total), at a choke setting of 8/64-inch, with no material drop in bottom hole pressure.\n \n· Well test data and interpretation suggest that there is more than sufficient well deliverability for a commercial well.\n \n· Data gathered from a fibre optic cable run along the length of lateral suggests that inflow of hydrocarbons across the length of the lateral is occurring, indicating the potential for a much larger reservoir volume to be drained compared with the initial completed interval of 130 feet in the previo...