Zephyr Energy to bank $2.275m from further non-core acreage sales

Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF, FRA:VD5N) expects to raise US$2.275 million from the sale of further undeveloped non-core acreage in the Powder River Basin, Wyoming, as it continues efforts to extract value from assets acquired last year. The AIM-quoted oil and gas company announced it is selling 1,837 acres across two separate transactions, with proceeds subject to closing adjustments.