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Greenfire Resources Ord Shs T.GFR

Alternate Symbol(s):  GFR | GFRWF

Greenfire Resources Ltd. is an energy company focused on the production and development of thermal energy resources from the Athabasca region of Alberta, Canada. Its business is the production and development of upstream energy resources from the oil sands in Canada, using in situ thermal oil production extraction techniques, such as steam assisted gravity drainage (SAGD). Its operations include Thermal Oil Operations, Tier-1 Oil Sands Reservoir, Hangingstone Facilities, Infrastructure & Pipelines and Cooperation with Trafigura. Its operations in the Canadian oil sands leverage in situ thermal oil development to access Western Canada’s energy resources. It operates two SAGD oil production facilities within the same Tier-1 reservoir at Hangingstone, situated 50 kilometers (km) south of Fort McMurray in Northern Alberta. Its Demo Asset is located 50 km south of Fort McMurray, Alberta. The Expansion Asset and Demo Asset (together the Hangingstone Facilities) have a Tier-1 SAGD reservoir.


TSX:GFR - Post by User

Post by ztransforms173on Nov 21, 2024 8:17am
31 Views
Post# 36323341

BY ALL FAIRNESS & LOGIC, WEF Is ENTITLED To 2 GFR BODs SEATS

BY ALL FAIRNESS & LOGIC, WEF Is ENTITLED To 2 GFR BODs SEATS- in a 6 SEATS Greenfire Resources Board of Directors

- the Waterous Energy Fund (WEF) has a 43.4% OWNERSHIP STAKE in GFR

- they CAN'T GET 3 BODs SEATS since this will GIVE them BLOCKING CONTROL of GFR & they DON'T HAVE the REQUIRED 50% OWNERSHIP INTEREST

- in an IDEAL world, WEF 'would' GET 3 BODs SEATS in a 7 SEATS BODS which would CLOSELY MATCH their OWNERSHIP RATIO {42.86% BOARD REPRESENTATION versus 43.4% OWNERSHIP INTEREST}

z173


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