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Newsfile Corp
10 months ago
Greenfire Resources Announces Updated Reserves, 72% Increase in 2P Reserves with a $2.7 Billion NPV10 AT and an Evaluation that Incorporates the Company's Future Growth Plans at the Hangingstone Facilities
Calgary, Alberta--(Newsfile Corp. - December 5, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to announce a summary of the results from the Company's updated independent reserves evaluation, which includes a 72% increase in Total Proved and Probable ("2P") reserves with a net present value after-tax ("NPV10 AT") of $2.7 billion, or $32.89 per diluted share net of debt.