FORT LAUDERDALE, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) --  ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) Senior Vice President of Business Development Luke Plants served as a featured speaker at this week’s American Association of Petroleum Geologists’ (AAPG) “Orphan, Abandoned, Idle, and Marginal Wells” conference in Pittsburgh, Pennsylvania. The event was organized to underscore the number of potentially hazardous unplugged oil and gas wells across the country and highlight the work of numerous entities striving to help address this public health problem.

During his remarks at the AAPG event, Mr. Plants, who also manages the Company’s asset retirement division as the head of Plants & Goodwin, Inc. (“P&G”), a Zefiro subsidiary and leading Pennsylvania-based oil and gas well plugging operation, highlighted several of the organization’s recent successful plugging projects, including helping the State of New York complete its’ first orphan gas well plugging operation that used funding from the Infrastructure Investment and Jobs Act (“Bipartisan Infrastructure Law”). Mr. Plants also underscored Zefiro’s view that the “active sustainability” projects that the Company undertakes can help more communities remediate legacy environmental hazards in a manner that prioritizes the needs of modern society, and addressed how the Company’s unique, vertically integrated business model is driving the team’s scaling efforts and ability to form innovative partnerships with public and private sector stakeholders across the country.

Pictured: Zefiro Methane Corp. SVP of Business Operations Luke Plants speaking American Association of Petroleum Geologists’ “Orphan, Abandoned, Idle, and Marginal Wells” Conference in Pittsburgh, PA on February 28, 2024.

Readers using news aggregation services may be unable to view the media above. Please access the Investors section of the Company’s website for a version of this press release containing all published media.

“Since my first day as a member of the Zefiro team, I have seen how our innovative commercial approaches – rooted in best positioning our plugging specialists in the field – can regularly overcome traditional barriers to progress,” Mr. Plants stated during his remarks. “Active sustainability is a central part of an action plan that can ensure that future generations of Americans have access to good paying jobs and healthier communities.”

Mr. Plants’ remarks at the conference were the latest in a series of public speaking engagements that Zefiro’s senior leadership team has undertaken, including Zefiro Founder and Chief Executive Office Talal Debs’ appearance at the United Nations’ COP 28 Conference, to highlight the Company’s expanding field operations and discuss how the energy industry can help stem the nationwide proliferation of unplugged oil and gas wells. According to the latest expert estimates, there are millions of orphaned and abandoned oil and gas wells throughout the U.S., with the potential for many of these sites to be unplugged.

“From our dedicated crew members on a growing list of job sites to our executive officers working diligently on expanding an industry-leading portfolio of certified carbon credits, I am proud that Zefiro’s unique focus on ‘active sustainability’ projects has helped establish this growing marketplace and garner tangible, paradigm-shifting success in the field,” said Talal Debs, Founder & Chief Executive Officer, Zefiro Methane Corp. “Our team firmly believes that ‘active sustainability’ is not just a fancy buzzword – it is a critical component of our efforts to drive real returns on targeted, forward-thinking investments and make a lasting difference in countless affected communities.”

More information on the AAPG conference can be found here.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder & CEO

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com 

For media inquiries, please contact:

Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
(347) 774-1125

About Zefiro Methane Corp. 

Zefiro develops methodologies to reduce methane emissions by plugging orphaned and abandoned oil/gas wells, while originating carbon offsets. Under executive leadership to include the former carbon market team at J.P. Morgan, Zefiro actively deploys crews to decommission wells throughout the United States. With unprecedented global demand for carbon offsets as corporations and institutions work towards net-zero targets, Zefiro is strategically aligning with industry leaders for a greener future.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking information in this press release includes statements regarding the Company, the Company’s business, the industry in which the Company operates, the Company’s opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company’s available cash resources and other statements about future events or results. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; and (iv) other factors beyond the control of the Company. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information is based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. The forward-looking information included in this press release are made as of the date of this press release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.