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Greenfire Resources Announces Q4 2023 Results, Year-end 2023 Reserves and Continued Success of the Company's Multi-year Drilling Program in Q1 2024, Including the Inaugural Extended Reach Refill Well at the Demo Asset
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: ...
About this update from Greenfire Resources Ltd.
[{"type":"text","content":"Greenfire Resources Announces Q4 2023 Results, Year-end 2023 Reserves and Continued Success of the Company's Multi-year Drilling Program in Q1 2024, Including the Inaugural Extended Reach Refill Well at the Demo AssetCalgary, Alberta--(Newsfile Corp. - March 20, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) (\"Greenfire\" or the \"Company\"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to announce its operating and financial results for the quarter and year ended December 31, 2023; a summary of the Company's 2023 year-end reserves; and an operational update for the first quarter of 2024. The audited consolidated Financial Statements and Notes and Management's Discussion and Analysis (\"MD&A\") will be filed on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml and are available on Greenfire's website at www.greenfireres.com.A conference call to discuss the results has been scheduled for Thursday, March 21, 2024 at 6:00 a.m. Mountain Time (8:00 a.m. Eastern Time). Access details for the conference call are provided below. Following the conference call, Greenfire will ring the opening bell at the Toronto Stock Exchange (\"TSX\"), commemorating its recent listing under the symbol \"GFR\". A live webcast of the celebration is expected to be available beginning shortly before 9:30 am ET on BNN Bloomberg and on YouTube at https://www.youtube.com/watch?v=1RLYrYzEtIw.\"Positive production results and impactful initial contributions from the Company's redevelopment infill (\"Refill\") drilling program and facility optimization initiatives in the fourth quarter of 2023 provided another clear indication of the productivity potential of Greenfire's Tier-1 SAGD assets,\" said Robert Logan, President and Chief Executive Officer of Greenfire.\"The Company's successful drilling momentum continued in the first quarter of 2024 with the initiation of a seven well extended reach Refill drilling program at the Demo Asset, targeting an industry leading horizontal length averaging approximately 2,000 meters per well.\"\"Supported by our recent listing on the TSX and amidst a potential re-rating of the Canadian heavy oil barrel with the Trans Mountain Expansion Project (\"TMX\") anticipated to commence...