Press release content from Globe Newswire. The AP news staff was not involved in its creation. Ecoark Completes Austin Chalk Oil Well with Initial Production to Exceed 1,000 BOPD Ecoark Holdings, Inc.March 16, 2021 GMT SAN ANTONIO, March 16, 2021 (GLOBE NEWSWIRE) -- Ecoark Holdings, Inc. (“Ecoark” or the “Company”) (OTC: ZEST), is providing the following updates regarding the Company’s joint drilling venture (the “JV”) with BlackBrush Oil & Gas, L.P. (“BlackBrush”) and GeoTerre, LLC (“GeoTerre”). The JV previously announced that it concluded the drilling of the Deshotels 24 No.1-H, a horizontal Austin Chalk well located in Avoyelles Parish, LA. The well has a total vertical section length of 4,046 feet with a lateral length of 3,799 feet positioned in the most prolific interval of the naturally fractured Austin Chalk formation. Once the lateral target was achieved, the JV successfully set a production packer and tubing and began flowing the well through existing facilities as a conventional open hole oil and gas well. On March 11, 2021, the JV began flowback to the well through a temporarily well test setup and immediately realized strong oil and gas production. After 3 days of flowing back through the test setup, the well was turned to the permanent production facility.