21 Mar 2024drilling progress report▼ BadMajor
Greenfire filed its audited 2023 results, year-end reserves and a news release on its drilling program. For 2023 it reported a net loss of C$135.7 million on revenue (oil sales net of royalties) of C$652.3 million, versus net income of C$131.7 million in 2022; the loss includes a C$106.5 million listing expense tied to the September 2023 merger. Cash rose to C$109.5 million from C$35.4 million. Long-term debt, including the current portion, was C$376.3 million. The headline also mentions a first extended-reach Refill well at the Demo Asset in Q1 2024, but the drilling details were not in the text provided.