Greenfire Resources Ltd.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Mar 20, 2025
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Contents
EX-99.1 · Future Development Costs
Future Development Costs
The amount of development costs deducted in the estimation of net present value of future net revenue is set forth below. Greenfire intends to fund its development activities through cash, internally generated cash flow and/or debt. Greenfire does not anticipate that the cost of obtaining the funds required for these development activities will have a material effect on Greenfire’s disclosed oil and gas reserves or future net**** revenue attributable to those reserves. For additional information, see “Description of the Business –Costs Incurred” in this Annual Information Form.
| Greenfire Resources Ltd. | 2024 Annual Information Form | 22 |
|---|
| Year | Proved Reserves ($ millions) | Proved Plus Probable Reserves ($ millions) |
|---|---|---|
| 2025 | 81,793 | 78,793 |
| 2026 | 284,547 | 238,073 |
| 2027 | 164,896 | 171,252 |
| 2028 | 36,312 | 35,118 |
| 2029 | 63,422 | 103,794 |
| Remainder | 1,486,668 | 3,936,535 |
| Total (Undiscounted) | 2,117,638 | 4,563,565 |
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