Zephyr Energy PLC - oil and gas company focused on resource development from carbon-neutral operations in the Rocky Mountains region in North America - Announces $3.88 million debt for equity swap at a price of 4.85 pence per share. Further, says operations at the State 36-2 LNW-CC-R well are progressing as expected. Drilling operations have commenced and is planned to a total depth of 10,362 feet. Chief Executive Colin Harrington says: ‘We continue to make good progress on the drilling of the State 36-2R well and remain on track to complete the well within our forecast thirty-day period.’

Current stock price: 5.08 pence

12-month change: up 20%

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