Dr. Talal Debs reports

ZEFIRO METHANE CORP. ANNOUNCES ENHANCED ORPHANED OIL & GAS WELL CAPABILITIES VIA PARTNERSHIPS IMPLEMENTING AI & BLOCKCHAIN-BACKED TECHNOLOGIES

Zefiro Methane Corp. has formed partnerships with Geolabe, a technology company that has built the methane abatement sector's first fully automated emissions detection system, and Keynum, an artificial intelligence and data science development firm, to enhance the company's ability to locate leaking orphaned oil and gas wells and issue carbon credits. Specifically, the company will incorporate various synergies promoted by these collaborations in tandem with the launch of the Zefiro Lifecycle Solution, a data capture and workflow management platform built in partnership with CarbonAi Inc., to significantly reduce the costs and time frames associated with plugging abandoned wells and the subsequent certification of American Carbon Registry-accredited carbon offset products.

The working agreements with Geolabe and Keynum will introduce artificial intelligence-enabled data analytics to bolster Zefiro's ability to forge its project pipeline of sites that are leaking large, potentially unsafe amounts of methane gas. The company estimates that these efforts will improve its batch efficiency gain, a measurement of the monetary resources allocated per ton of methane gas captured by approximately 50 per cent.

The workflow management platform built in partnership with CarbonAi will increase the efficiency and integrity of data collected throughout the entire Zefiro project life cycle. This is to ensure that critical data generated by the Zefiro Lifecycle Solution are immutable, auditable and on ledger, thereby increasing the quality of resulting reductions.

Zefiro founder and chief executive officer Dr. Talal Debs commented: "With millions of orphaned and abandoned oil and gas wells spread throughout 26 different states, utilizing advanced solutions to locate and permanently plug more of these sites is essential. Both the life cycle solution developed with CarbonAi and our partnerships with Geolabe and Keynum bring innovative technologies into this important endeavour, and our heightened ability to increase our project portfolio, reduce costs and promote efficiencies throughout our operations solidifies Zefiro's position as a market leader."

Zefiro chief technology officer Richard Walker commented: "By harnessing the unique powers of artificial intelligence to process satellite imagery and the blockchain, Zefiro continues to find new ways to help stem the proliferation of orphaned and abandoned oil and gas wells. These innovative solutions will expand our operational footprint, enable best-in-class economics for our carbon credit initiatives, promote certainty in our methodologies and ensure the integrity of our plugging measurements to help more communities reclaim critical air, water and land resources."

As part of this initiative, Zefiro signed a letter of intent (LOI) with Geolabe on Jan. 10, 2025. The Geolabe system uses artificial-intelligence-backed models to automatically process large amounts of satellite images to pinpoint emissions at a uniquely granular level, drastically improving detection thresholds. Zefiro is not only providing Geolabe access to the company's well screening and quantification data to help train the models but will also deploy its environmental remediation specialists to confirm leak rates that are critical to calibrating the model.

Additionally, Zefiro engaged Keynum in December, 2024, to deliver a dashboard that can visualize orphaned well inventory from various states and Zefiro's screened well inventory and use predictive modeling capabilities developed by Keynum to identify probabilities for orphaned wells that may be leaking at rates that are economically viable to plug for issuance of carbon credits.

About Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force toward active sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land and water sources directly impacted by methane leaks. The company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality United States-based methane offsets, Zefiro aims to generate long-term economic, environmental and social returns.

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