Ed's questions to Greenfire Resources (GFR) leadership • Q3 2024
Question
Asked for clarification on well productivity figures, the timeline for filling existing facility capacity, and details about the short-term debt on the balance sheet and prepayment restrictions.
Answer
The company clarified that the 1,000 bbl/d figure is an average across all wells, not the rate for new refills. They do not expect to fill facility capacity in 2025, targeting late 2026 instead. They confirmed the short-term debt represents the expected payments over the next 12 months and that voluntary prepayments are restricted until October 2025.