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 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

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TSX:GFR - Post Discussion

Greenfire Resources Ord Shs > TEMPORARY SETBACK: 5 Temperature SENSORS FAILED In New Wells

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Post by ztransforms173 on Mar 21, 2024 10:28am

TEMPORARY SETBACK: 5 Temperature SENSORS FAILED In New Wells

Greenfire's working interest bitumen production at the Expansion Asset averaged approximately 17,650 bbls/d during the first two months of 2024. The company has recently encountered third-party downhole temperature sensor failures in five of the recently drilled Refill wells at the Expansion Asset. Greenfire has completed the first sensor replacement in March 2024 and plans to replace the remaining sensors in the second quarter of 2024. The company estimates that working interest bitumen production has been impacted by approximately 2,000 bbls/d.

- Greenfire Resources is STILL WAITING for the Alberta Energy Regulator (AER) to APPROVE the OPERATION of the FIXED DISPOSAL WELL:

Disposal Well Expected to Recommence Operations: The disposal well at the Demo Asset has been temporarily shut-in since the beginning of October 2023. Remediation work for this well is now complete, with disposal operations anticipated to recommence upon regulatory approval, which is projected to increase bitumen production by an incremental approximately 1,000 bbls/d once fully operational.

- in the CC, the CEO Robert Logan STATED that he 'EXPECTS' these TWO ISSUES to be RESOLVED in Q2/2024

- therefore, Q3/2024 BOP is 'FORECAST' to INCREASE by 3,000 bbls/d OVER Q2/2024 on TOP of the 'PROJECTED' INCREASE in the BOP FLOW RATE due to the RECENTLY DRILLED NEW INFILL WELLS to BEGIN PRODUCTION

z173

Disposal Well Expected to Recommence Operations: The disposal well at the Demo Asset has been temporarily shut-in since the beginning of October 2023. Remediation work for this well is now complete, with disposal operations anticipated to recommence upon regulatory approval, which is projected to increase bitumen production by an incremental approximately 1,000 bbls/d once fully operational.