• Zephyr is acquiring 21 miles of natural gas gathering lines, the Powerline Road gas processing plant, rights of way for additional gathering lines, active permits, five existing wellbores and 5,480 acres additional acreage which is partly contiguous to Zephyr’s operated White Sands Unit (WSU).
• As a consideration for the acquisition, Zephyr will pay the seller US$0.75 mm in cash and assume all future decommissioning, plugging and abandonment liabilities estimated at ~US$2.5 mm.
• This transac ....
14 Sep 2022
Zephyr Energy Plc (AIM: ZPHR): Another accretive transaction in the Paradox
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Zephyr Energy Plc (AIM: ZPHR): Another accretive transaction in the Paradox
Zephyr Energy PLC (ZPHR:LON) | 4.6 0 10.7% | Mkt Cap: 78.4m
- Published:
14 Sep 2022 -
Author:
Stephane Foucaud -
Pages:
5
• Zephyr is acquiring 21 miles of natural gas gathering lines, the Powerline Road gas processing plant, rights of way for additional gathering lines, active permits, five existing wellbores and 5,480 acres additional acreage which is partly contiguous to Zephyr’s operated White Sands Unit (WSU).
• As a consideration for the acquisition, Zephyr will pay the seller US$0.75 mm in cash and assume all future decommissioning, plugging and abandonment liabilities estimated at ~US$2.5 mm.
• This transac ....