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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EX-99.1 · McKay Central Processing Facility
McKay Central Processing Facility
The Company holds a 95% working interest in the McKay Asset, located approximately 45 kilometers north of Fort McMurray. Greenfire acquired the 95% interest in and operatorship of the McKay Asset in the second quarter of 2024 and is currently taking steps to acquire the remaining 5% interest. Operations at the McKay Asset have been suspended since March 2023, and the Company was granted approval from the Alberta Energy Regulator in November 2024 to begin decommissioning and reclamation activities. Greenfire considers the McKay Asset to possess high-quality SAGD facilities and infrastructure, which could potentially be relocated to a more productive reservoir in the future. Although no significant capital investment is planned for the McKay Asset in the near term, the Company is actively evaluating options to optimize and maximize the facility’s value.
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