TPI provides its latest research note on Zephyr Energy plc (ZPHR.L)

The State 16-2LN-CC well located in the Paradox Basin, Utah, reached Total Depth (TD) at 14,370 feet in the Cane Creek reservoir last week, at which point Zephyr ran a full suite of wireline logs and production casing was set.

Initial analysis of the wireline log and other data has now been completed indicating that a high percentage of the horizontal lateral has the potential to be completed for testing and production.

In addition, porosity and permeability estimates are equivalent to other producing basins where Hydraulically Stimulated Resource Play (HSRP) developments are prolific.

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We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Zephyr Energy plc. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.

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