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Zefiro Methane Corp has completed its first Oklahoma-based gas well remediation project through its subsidiary Plants & Goodwin. The project involved a complex 'plug and abandonment' operation on a 15,000-foot deep gas well in Custer County, requiring removal of nearly 5,000 feet of casing. This initiative is expected to produce American Carbon Registry-approved offset products and marks Zefiro's expansion into south-central states. The company plans to extend operations to Texas and Louisiana within 12 months. The project addresses the significant issue of unplugged wells, with an estimated cost of $158 billion to seal 1.14 million suspected unplugged wells in these three states alone.
Zefiro Methane Corp reported strong financial results for Q1 fiscal 2024, ending September 30. The company achieved record revenue of $10.0 million USD, up 7% quarter-over-quarter and 26% year-over-year. Gross profit reached a record $3.3 million with a 33% margin. Adjusted EBITDA was $460,297, showing a 107% increase from the previous quarter. The company expanded operations to Oklahoma, completed Pennsylvania's first Infrastructure Investment and Jobs Act-funded well plugging project, and formed strategic partnerships with Winterhawk and Fiùtur for enhanced carbon credit initiatives.
Zefiro Methane Corp announced that CCO Tina Reine will be a featured speaker at COP29 in Baku, Azerbaijan. She will participate in a panel discussion about carbon markets, highlighting Zefiro's role in generating high-quality carbon credits through sealing abandoned oil and gas wells. The company's operations have secured carbon credit pre-sale agreements with institutional investors like EDF Trading and Mercuria Energy America. Recent estimates indicate millions of unplugged wells across the U.S., with projected sealing costs up to $435 billion. This appearance follows other high-profile engagements including NYC Climate Week 2024, Argus Europe Carbon Conference, and Wall Street Green Summit.
Zefiro Methane Corp CEO Dr. Talal Debs appeared in a live Yahoo! Finance interview discussing the company's operations in sealing orphaned oil and gas wells across the US. The interview highlighted how Zefiro addresses institutional traders' demand for high-quality carbon offsets. The EPA indicates that methane emissions are at least 28 times more potent than CO2 in trapping atmospheric heat. The company has completed pre-sales of institutional-grade credits with Mercuria Energy America and EDF Trading. The interview focused on retail investment opportunities in the carbon credit market through ZEFI stock, which trades on CBOE Canada, Frankfurt Stock Exchange, and OTCQB market.
Zefiro Methane Corp (Cboe Canada: ZEFI, Frankfurt: Y6B, OTCQB: ZEFIF) held a public investor call on October 11, 2024, featuring CEO Talal Debs, CFO Mohit Gupta, and CTO Richard Walker. The call addressed:
- Advancing sales and revenue momentum since IPO
- Recent carbon offset transactions with EDF Trading and Mercuria Energy America
- Strategic acquisitions to enhance customer service capabilities
- Technology partnerships to increase product accessibility
- Operational expansion in North American markets
The company highlighted its profitable pathway to scale, service-oriented business model, and unique positioning in the rapidly growing methane emissions reduction market. Zefiro emphasized its commitment to deploying cutting-edge technology for data production, well retirement, and carbon credit accessibility.
Zefiro Methane Corp, an environmental services company focused on methane abatement, has announced a live investor call scheduled for Friday, October 11, 2024, at 10:00 AM EST. The one-hour conference call and live stream will be hosted by CEO and Founder Talal Debs along with the senior management team.
The discussion will cover Zefiro's progress and key growth initiatives following its IPO and debut on the Cboe Canada Inc. exchange in April 2024. The company, which recently reported record revenue and sales growth, will also outline its plans to scale the business over the next 24 months.
Investors can join via web or dial-in, with a Q&A session following the presentation. Questions can be submitted in advance to investor@zefiromethane.com. The company trades under the symbols ZEFI on Cboe Canada, Y6B on Frankfurt, and ZEFIF on OTCQB.
Zefiro Methane Corp. (ZEFIF) has announced the completion of a significant transaction involving its subsidiary, Plants & Goodwin, Inc. (P&G). The deal, previously announced on August 6, 2024, involves the acquisition of the remaining common shares of P&G from Luke Plants in exchange for newly issued preferred stock in P&G.
Key details of the transaction include:
- Zefiro Methane Holding now owns 100% of P&G's common shares
- Luke Plants receives approximately 7.01 million Series A Convertible Preferred Shares of P&G
- The preferred shares have a US$1.00 per share initial liquidation preference and a 10% per annum dividend
- The preferred shares are redeemable under certain conditions and will automatically convert at US$1.20 per share upon a qualified public offering
This recapitalization strengthens Zefiro's position in P&G and aligns the interests of key stakeholders.
Zefiro Methane Corp. (ZEFIF) announced record financial results for FYE 2024, with consolidated revenues of $32.8 million USD and positive adjusted EBITDA. The company reported a 10% increase in Q4 revenue to $9.4 million USD, with a gross profit of $2.9 million USD (31% margin). Zefiro's growth strategy includes:
1) Originating and distributing carbon offsets from methane reduction
2) Expanding into new U.S. geographies
3) Participating in federal and state infrastructure funds for well plugging
4) Evaluating new products and partnerships
5) Pursuing global expansion
The company completed strategic acquisitions and partnerships to enhance its capabilities in well remediation and carbon offset marketplace accessibility. Zefiro also launched its IPO on Cboe Canada and began trading on Frankfurt and OTCQB exchanges.
Zefiro Methane Corp. (ZEFI) has appointed Richard Walker as Chief Technology Officer. With over 30 years of experience in enterprise technology strategy, Walker will integrate innovative solutions, including artificial intelligence, into Zefiro's environmental remediation and carbon markets divisions. His role involves launching enterprise technology initiatives and integrating AI-powered tools within Zefiro's digital verification network ecosystem and carbon offset marketplace partnerships.
Walker's extensive experience includes senior roles at Bain & Company, Deloitte, IBM, and BearingPoint. At Bain, he assisted global financial institutions in digital transformation, cloud migration, and IT modernization. He also co-led the firm's Web3 practice, focusing on blockchain and digital asset solutions. At Deloitte, he led blockchain and digital assets strategies for the Financial Services practice.
Zefiro's CEO, Talal Debs, emphasized the importance of digital asset and information strategies in gaining an edge in environmental remediation services, highlighting Walker's expertise as critical to accelerating Zefiro's commercial momentum.
Zefiro Methane Corp. (ZEFIF) has announced its participation in NYC Climate Week 2024, scheduled from September 22nd to 29th. Key executives, including CEO Talal Debs, CFO Mohit Gupta, and CCO Tina Reine, will attend various high-profile events. The company's engagements include:
1. A Zefiro-sponsored breakfast at Xpansiv's Climate Week Summit on September 23rd.
2. CEO Talal Debs participating in a panel discussion at the International Emissions Trading Association North America Climate Summit on September 23rd.
These appearances aim to showcase Zefiro's latest business developments and connect with influential figures in the environmental remediation sector. The company's involvement reflects its growth since NYC Climate Week 2023, including going public, making strategic acquisitions, and expanding its carbon market and oilfield services divisions.
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