Bullboard - Stock Discussion Forum Greenfire Resources Ord Shs GFR

Primary Symbol: T.GFR Alternate Symbol(s): GFRWF

Energy Oil & Gas E&P

Greenfire Resources Ltd is an oil sands producer focused on the sustainable development of its Tier-1 assets in Western Canada. The Company’s operations include Thermal Oil Operations, Tier-1 Oil Sands Reservoir, Hangingstone Facilities, Pipeline Infrastructure, and Cooperation with Trafigura. The Company’s operations are based in the Canadian oil sands where it leverages in situ thermal oil... see more

Add To Watchlist

TSX:GFR - Post Discussion

Greenfire Resources Ord Shs > VERY NICE: FIRM TALE-OR-PAY Two Year SAGD DRILLING CONTRACT

View:

Post by ztransforms173 on Nov 15, 2023 11:00am

VERY NICE: FIRM TALE-OR-PAY Two Year SAGD DRILLING CONTRACT

- as far as I KNOW, they are the ONLY SAGD operator who has DONE THIS

* MEG CEO Derek Evans COMPLAINS about the LACK OF SKILLED PERSONNEL and SERVICE CONTRACT INFLATIONARY PRESSURE but has RESISTED TAKE-OR-PAY due to their STRICT POLICY of MANAGING and CONTROLLING CAPEX

***

Greenfire entered into a two-year take-or-pay drilling commitment with an established Steam Assisted Gravity Drainage (“SAGD”) drilling contractor in Western Canada to provide cost structure and service availability certainty as the Company commences a two-year continuous drilling program.

https://www.sec.gov/Archives/edgar/data/1966287/000121390023087157/ea188369ex99-3_greenfire.htm

***
z173

176