Jason [Analyst]'s questions to Greenfire Resources Ltd (GFR) leadership • Q3 2024
Question
Jason [Analyst] inquired about the repeatability of Greenfire's successful 2024 drilling program into 2025 and the company's financial strategy regarding cash flow deployment and debt reduction, particularly the semi-annual debt sweep mechanism.
Answer
President and CEO Robert Logan and COO Jonathan Kanderka confirmed that numerous refill targets remain for future drilling and that the 2025 program will focus on refills at the Demo asset and a new sustaining pad at the Expansion asset. CFO Anton Kraljic reiterated the company's commitment to deleveraging through the 75% excess cash flow sweep, noting a potential refinancing opportunity after October 2025 and a shift in capital allocation after reaching the USD 150 million debt threshold.