Zephyr Energy PLC (AIM:ZPHR) Award of rig contract to CWC Ironhand Drilling

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 signing of a rig contract with CWC Ironhand Drilling (“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.

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.

Colin Harrington, Zephyr’s Chief Executive, said:

“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.

“We look forward to keeping investors informed as operations progress at the well site.”

Contacts

Zephyr Energy plc

Colin Harrington (CEO)

Chris Eadie (CFO)

Tel: +44 (0)20 7225 4590


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.

Tweet
WhatsApp
Email
Pocket
Share
Share