Environmental

Protection of the environment and robust environmental management are of primary importance to Zephyr Energy’s Board. The Company is committed to minimising its environmental impact through positive actions and to protect the surroundings in which we operate.

We are committed to:

• Limiting our own carbon emissions through a Verified Emission Reduction credit programme (‘VERs’), designed to mitigate all Scope 1 carbon emissions of our operated and non-operated assets
• Complying with applicable environmental laws, regulations and standards of the U.S. where we operate
• Operating in a safe manner to avoid spills, leaks or accidental discharges of polluting materials
• Evaluating and utilising new technologies, such as continuous emissions monitoring at our operated projects, to the greatest extent possible
• Minimising our land footprint but utilising efficient pad design and co-location of wells
• Promoting efficiency in our use of energy and water with the aim of conserving natural resources
• Ensuring that environmental accidents, incidents, near misses and non-compliances are reported and investigated, and that corrective and preventive actions are implemented
• Monitoring and evaluate our own and contractor proficiency and conduct periodic audits to ensure our controls are effective and that environmental standards are being achieved
• Reporting transparently on our environmental performance and the status of our environmental objectives and targets