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Bullboard - Stock Discussion Forum
Greenfire Resources Ord Shs
T.GFR
Alternate Symbol(s):
GFR
|
GFRWF
Energy
Oil & Gas E&P
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.
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TSX:GFR - Post Discussion
Greenfire Resources Ord Shs
> VERY NICE: FIRM TALE-OR-PAY Two Year SAGD DRILLING CONTRACT
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ztransforms173
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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
(811)
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ztransforms173
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Comment by
ztransforms173
on Nov 15, 2023 11:34am
better now: VERY NICE: FIRM TAKE-OR-PAY Two Year SAGD DRILLING CONTRACT z173
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