Zefiro unit approved for $5M (U.S.) remediation work

Executive Summary

• Zefiro Methane Corp.'s subsidiary, Plants & Goodwin Inc. (P&G), has received official approval to commence a $5 million+ plug-and-abandonment remediation project in Louisiana.
• The project involves the remediation of nine previously plugged wells to facilitate the construction of a major energy infrastructure facility in the Lake Charles region, with first production expected in 2029.
• This approval marks Zefiro's expansion into its eighth U.S. state, representing a 100% increase in operational states compared to 2023.

Key Details

• Project Value: Total revenue expected to be more than $5 million (U.S.).
• Project Scope: Remediation of nine wells located on the build site for a new energy infrastructure facility.
• Technical Requirements: Wells previously plugged to industry standard (cut-off 4 feet below surface) must now be:
  1. Excavated
  2. Cleaned out
  3. Replugged
  4. Cut-off between 10 and 60 feet below surface.
• Timeline: Approximately 90 days duration.
• Regulatory Approvals: Includes two permits from the Louisiana Department of Conservation and Energy and a notice to proceed from the private infrastructure developer.
• Strategic Impact:
  • Expansion into a new U.S. state (Louisiana), bringing total operational states to eight.
  • Enables year-round ground-level operations due to the southern climate, enhancing overall yield.
  • Aims to establish P&G's presence in the Gulf Coast region for additional work in 2026.
• Context: This follows an initial announcement on December 18, 2025.

Notable Quotes

• Luke Plants, CEO of P&G: "I am very excited about the recent success at Zefiro and our pipeline of projects... At P&G, we take pride in staying on top of unique types of work for which demand is increasing... and we are pleased to have this opportunity to make a difference in southern Louisiana where a major new energy facility is currently being built."
• Catherine Flax, CEO of Zefiro: "This project represents several new beginnings for Zefiro as we kick off the 2026 calendar year... having operations in a southern climate enables P&G to more thoroughly utilize its equipment and crews during the winter months. This enables us to enhance the company's overall yield by carrying out ground-level operations year-round."