Acceleware Ltd V.AXE

CEO Should CONTACT GFR As They Have CASH + DEMO Asset

[ztransforms173]

GFR:

https://www.greenfireres.com/operations/hangingstone/

DEMO asset:

The Demo Asset shares the same Tier-1 reservoir as the Expansion Asset. Over nearly two decades, declines at the Demo Asset have remained relatively low without the need for new well pair drilling.

 

 

Location

• Map Location

Acquired

• April 2021

Characteristics

• 50 km south of Fort McMurray, Alberta
• Greenfire owns a 100% working interest and is operator
• Access to expandable pipeline infrastructure for diluted bitumen and diluent via Expansion
• Greenfire estimated Debottlenecked Production Capacity: 7,500 bbls/d
• No new well pairs have been drilled since 2013 and zero infill or Refill wells have been drilled as of October 2023
• ***

- they are NOT PART of PATHWAYS ALLIANCE so they 'MIGHT' be MORE OPEN to RF XL TECHNOLOGY

- WORTH A SHOT:
If I was CEO, I would DEFINITELY KNOCK on their DOOR

• z173

[Whampoa]

GREENFIRE • HANGINGSTONE DEMO PLANT For the last 9Qs this demo plant's SOR range between dismal  5.6 and 6.5 bbl H2O per bbl of bitumen. Guessing they are averaging about 200 bbl oil per producer well. Agreed make the call. How about a CTI RFXL demo project here? A project where they pick a pad or a single producer well, add appropriate sized CTI / eHouse, drill and activate 2

[JeffreyS]

I don't see why Cardinal Energy which owns the Marwayne land underneath the Axe Project doesn't just offer a contract for a CTI  project.

[ztransforms173]

JeffreyS - (11/15/2023 11:57:45 PM)   RE:CEO Should CONTACT GFR As They Have CASH + DEMO Asset   I don't see why Cardinal Energy which owns the Marwayne land underneath the Axe Project doesn't just offer a contract for a CTI  project. *** - BECAUSE, the RF XL technology is NOT PROVEN and the ECONOMICS OF IT have NOT BEEN  DE-RISKED - WHAT they

[JeffreyS]

z173: I sure hope they get the DTS repaired soon. Has anyone heard anything? Heating still would take 6-9 months before any commercialization. JeffreyS

[ScarletSpider]

I am neither worried about the heating nor contracts they both are a done deal. I will keep claiming the heat goes back on successfully this year and beyond the pilot and we will see a few contracts coming year. I expect 1 to 3. Whatever the number is the following year will best it significantly and so forth. The tough thing is waiting because i am excited for what i continue to see and i fully