Zefiro Methane Stock Price, News & Analysis

Zefiro Methane Corp. (ZEFIF) has released an updated corporate presentation highlighting recent milestones and growth initiatives. The company reports increased sales and profitability since its IPO on Cboe Canada, along with notable carbon offset presale transactions with Mercuria Energy America and EDF Trading.

The presentation emphasizes Zefiro's strategic acquisitions, technology partnerships, and expansion of operations across North America, particularly in the south-central United States and Alberta, Canada. The company focuses on addressing the challenge of unplugged oil and gas wells, with experts estimating millions of such sites across the U.S. These wells can leak methane gas that is 25-85 times more potent than CO2 in terms of heat-trapping capacity. The estimated cost to permanently seal just U.S.-based sites could reach $435 billion.

Zefiro Methane Corp reported significant achievements in 2024, including consolidated revenues of USD $32.8 million and positive adjusted EBITDA that doubled over the previous quarter. The company completed its IPO on Cboe Canada and secured listings on Frankfurt Stock Exchange and OTCQB (ZEFIF).

Key developments include expansion of well plugging operations across West Virginia, Pennsylvania, Oklahoma, and Ohio, a methane abatement offset presale agreement with EDF Trading, and the acquisition of Plants & Goodwin. The company strengthened its leadership team with Mohit Gupta as CFO and Richard Walker as CTO, while maintaining an active presence at major industry events including UN COP29.

Zefiro Methane Corp announced that SVP Luke Plants will lead a free webinar hosted by Penn State University on December 12, 2024, titled 'Carbon Avoidance Credits in Oil and Gas Well Plugging.' The webinar will showcase Zefiro's efforts to generate American Carbon Registry-approved carbon offset products through their nationwide well plugging operations.

Plants, representing the third generation of family leadership at Plants & Goodwin (acquired by Zefiro in 2023), has previously featured on BBC News' Future Earth series and served as a keynote speaker at the American Association of Petroleum Geologists' conference. The webinar targets landowners, capital markets participants, and government officials, focusing on addressing environmental remediation challenges through carbon offset credits.

Zefiro Methane Corp (ZEFIF) has joined Alberta's Drilling and Completion Committee's 'Mature Asset Strategy Working Group', a collaborative initiative addressing orphaned and marginal oil & gas wells in the province. The company will work alongside public, private, and non-profit stakeholders to tackle an estimated 170,000 sites that can leak methane gas, which is 25 to 85 times more potent than carbon dioxide in trapping atmospheric heat.

Zefiro's involvement was announced by CEO Dr. Talal Debs during a presentation at the UN's COP29 in Baku. The company will contribute its expertise in well plugging operations and carbon credit portfolio management to support well remediation and management projects throughout Alberta.

Zefiro Methane Corp CEO Dr. Talal Debs was a featured speaker at the UN COP29 Sustainable Innovation Forum in Baku, Azerbaijan. During panel discussions, he highlighted the company's methane abatement operations and carbon offset portfolio. The discussions focused on addressing North America's unplugged oil and gas wells issue, which could cost up to $435 billion to resolve. These wells leak methane gas that can be 25-85 times more potent than CO2 in trapping atmospheric heat. Dr. Debs emphasized Zefiro's role as a comprehensive service provider in the methane abatement sector, combining well plugging operations with carbon credit offerings.

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.