Management Commentary
"This independent review validates Greenfire's strategic vision, supporting a significant 72% increase in our 2P reserve volumes year-over-year, with an after-tax net present value of $2.7 billion. We believe our disciplined approach to development and operational excellence has transformed these assets into a compelling investment opportunity," said Robert Logan, President and Chief Executive Officer at Greenfire.
"Additionally, the McKay CPF relocation provides further value generation opportunities as separately evaluated by McDaniel in the Management Accelerated Development Scenario. These milestones signal a pivotal moment in the Company's strategic review process, putting us in a strong position to unlock significant long-term value for Greenfire shareholders," concluded Mr. Logan.
