Nicolas Sekaran's questions to Greenfire Resources Ltd (GFR) leadership • Q3 2024
Question
Nicolas Sekaran asked for clarification on production performance at the Expansion asset, noting that post-turnaround levels seemed to lag early August rates, and questioned if this was related to refill well productivity or other factors.
Answer
COO Jonathan Kanderka highlighted that new refills at the Demo asset are showing very promising initial results, with one well averaging 1,000 bbl/d, and expects continued growth. President and CEO Robert Logan explained that Expansion asset production is currently limited by produced gas and water handling capabilities, not well underperformance. He stated that debottlenecking projects are in progress and the company remains satisfied with the high productivity of the refill wells, acknowledging natural declines.