zephyr energy plc said wednesday that it has made two acquisitions partly funding one with an 8 million assetbacked bridge line of credit the oilandgas company said it has acquired the remaining 25 working interest in the white sands unit in the paradox basin utah for a total consideration of up to 3 million to be satisfied through issue of shares it has also acquired a working interest in a further six wells in the williston basin north dakota for a total consideration of 29 million which it said will provide it further lowrisk oil production and is expected to generate substantial cashflows that can be reinvested into paradox it will also pay the upcoming 89 million in capital expenditure to bring the wells into production the company said it has secured the credit facility on favorable terms to partly fund the williston acquisition and associated capex both acquisitions are expected to increase total 2023 exit production rates by 60 from 3000 barrels of oil equivalent per day to 4800 barrels shares at 0842 gmt were up 04 pence or 73 at 585 pence