Zephyr recently completed a diagnostic fracture injection test (DFIT) on a 3ft interval of the lateral portion of the State 16-2LN-CC well located on the company’s acreage within the Paradox Basin in Utah, USA.
In addition to a raft of complementary data gathered to date, the DFIT test provided compelling evidence of the potential to develop the primary Cane Creek reservoir as a Hydraulically Stimulated Resource Play (HSRP) and utilise State 16-2LN-CC as a ‘proof of concept’ well for a wider development within the Paradox Basin via hydraulic stimulation.
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.
