Zephyr Energy plc provided an update on the State 36-2R LNW-CC well at its project in the Paradox Basin, Utah. Drilling operations continue to proceed safely and effectively. The 8 ½-inch section reached the planned section total depth of 10,084 feet, after which the 7-inch casing string was set and cemented in place successfully.

Drilling will shortly commence on the final section of theState 36-2Rwell. The objective for this short section is to land the well safely within the Cane Creek reservoir (the "Cane Creek") and drill the remaining 320 feet (of which 270 feet will be drilled horizontally within the reservoir) to intersect both the reservoir and the productive natural fracture system encountered by the State 36-2LNW-CC well (the "original well"). After reaching total depth and setting a production liner, the drilling rig will be demobilised and the well will be prepared for production testing.

At the current depth of 10,084 feet, the State 36-2R well is ten feet from the original well.