TSX:GFR - Post Discussion
Post by
ztransforms173 on Nov 15, 2023 11:12am
GFR PUSHING UP BOP AS New REFILL Drilling & NCG INJECTION
| | At the Expansion Asset, the Company continues to advance its production growth initiatives, including the drilling of redevelopment infill (“Refill”) wells and ongoing debottlenecking projects to restore higher reservoir pressure. |
| | o | Greenfire successfully drilled five extended reach Refill wells at the Expansion Asset, which concluded in the fourth quarter of 2023 and are in the process of increasing bitumen volumes. The Company has approved the acceleration of the next five well Refill drilling program at the Expansion Asset, which commenced drilling in November 2023 and will extend into early 2024. |
| | o | The recently installed NCG compressor is expected to be operational by the end of November 2023 at the Expansion Asset. This compressor, along with other ongoing NCG debottlenecking initiatives, are expected to deliver NCG at a more reliable pressure and at higher rates for co-injection to further accelerate the timeline to restore higher reservoir pressure at the Expansion Asset. |
| | | For November 2023 to date, consolidated net production was approximately 17,000 bbls/d, which includes incremental production from the new extended reach Refill wells as well as an initial increase in reservoir pressure at the Expansion Asset, partly offset by lower production at the Demo Asset owing to the temporary shut-in of the disposal well. |
https://www.sec.gov/Archives/edgar/data/1966287/000121390023087157/ea188369ex99-3_greenfire.htm
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- NCG: NON-CONDENSIBLE GAS {aka as SOLVENTS being either BUTANE or PROPANE MIXED IN with the STEAM}
- TWO WEEKS in early November 2023 of a BOP of 17,000 bbls/d is MUCH BETTER than the Q3/2023 BOP of 14,630 bbls/d
- this is GREAT PROGRESS
z173
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