. | --- | --- | |---------------------------------------------------|-------| | | | | Greenfire Announces Deferred Consideration of the | | | Shareholder Rights Plan by the Toronto Stock | | | Exchange | | September 20, 2024 6:02 PM EDT | Source: Greenfire Resources Ltd. Calgary, Alberta--(Newsfile Corp. - September 20, 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 f ...

Core Viewpoint - Greenfire Resources Ltd. is responding to Waterous Energy Fund's agreement to acquire 43.3% of its common shares by appointing an interim chairman and adopting a shareholder rights plan to protect the interests of all shareholders [3][9][11]. Group 1: Proposed Acquisition - Waterous Energy Fund Management Corp. has entered into agreements to acquire 43.3% of Greenfire's common shares from certain shareholders, including directors of Greenfire [3][4]. - The acquisition is intended to be an exempt take-over bid under the private agreement exemption as per National Instrument 62-104 [3]. - The Board of Directors is reviewing the acquisition details and evaluating options with the help of financial and legal advisors [4]. Group 2: Strategic Alternatives - Greenfire has engaged TD Securities to evaluate strategic alternatives due to its discounted valuation compared to oil sands peers [5]. - The company is updating its reserve report to reflect current development plans, including advanced SAGD technologies and brownfield growth opportunities [5]. - Greenfire believes that the proposed acquisition could harm shareholder interests by affecting the ongoing strategic alternatives process [5]. Group 3: Waterous Energy Fund Profile - Waterous Energy Fund is a Calgary-based value investor and the largest oil and gas private equity manager in Canada, known for acquiring established businesses with quality assets [6]. - The proposed acquisition price represents a 15% premium, the maximum allowable under the exemption, indicating the perceived value of Greenfire's assets [6][7]. Group 4: Board Changes and Rights Plan - Julian McIntyre has been replaced as Chair of the Board by Matthew Perkal due to his involvement in the proposed acquisition [9]. - A special committee of independent directors has been established to oversee the strategic alternatives process and protect shareholder interests [9]. - The Board has adopted a limited-purpose shareholder rights plan to ensure fair treatment of all shareholders and to provide the Board with time to explore value-enhancing alternatives [11][12]. Group 5: Rights Plan Details - The rights plan will issue one right for each common share, becoming exercisable if an acquiring person attempts to acquire 20% or more of the shares without complying with the plan [13][15]. - The rights plan aims to prevent WEF from acquiring more than 20% of the shares without a permitted bid, which is defined as a bid made to all shareholders and open for 105 days [16][15]. - The rights plan is subject to shareholder ratification within six months and requires acceptance from the Toronto Stock Exchange [17].

Exhibit 99.2 MANAGEMENT'S DISCUSSION & ANALYSIS For the three and six month periods ended June 30, 2024 Greenfire Resources Ltd. MANAGEMENT'S DISCUSSION AND ANALYSIS This Management's Discussion and Analysis ("MD&A") of the financial condition and results of operations of Greenfire Resources Ltd. ("Greenfire" or the "Company") is dated August 14, 2024, which is the date this MD&A was approved by the Board of Directors of the Company, and should be read in conjunction with the Company's unaudited condensed i ...

Core Viewpoint - Greenfire Resources Ltd. reported its Q2 2024 financial and operational results, highlighting production challenges due to external factors and providing an updated outlook for 2024, including the appointment of a new Chief Operating Officer [2][4][5]. Financial Highlights - Consolidated bitumen production reached 18,993 barrels per day (bbls/d) in Q2 2024, an increase from 18,036 bbls/d in Q2 2023 [8]. - Adjusted EBITDA for Q2 2024 was $58.4 million, up 48% from $34.4 million in Q2 2023, while adjusted funds flow increased by 71% to $47.2 million from $23.5 million in Q2 2023 [8][9]. - The company maintained available liquidity of approximately $210 million as of June 30, 2024, consisting of $160 million in cash and cash equivalents and $50 million in available credit [9][14]. Operational Update - Production at the Expansion Asset averaged 15,824 bbls/d in Q2 2024, down from 17,361 bbls/d in Q1 2024, primarily due to operational disruptions and delays caused by wildfires and equipment failures [15][18]. - The Demo Asset achieved an average production of 3,169 bbls/d in Q2 2024, an increase from 2,306 bbls/d in Q1 2024, following the completion of drilling activities [20]. Updated 2024 Outlook - The updated production guidance for 2024 is set at an annual average of 20,000 - 21,000 bbls/d, reflecting a growth of 13% - 19% over 2023 production levels, down from the previous forecast of 25% - 40% growth [24][22]. - Planned capital expenditures for 2024 are estimated to be between $80 million and $90 million, with a focus on drilling activities and facility optimizations [23][24]. Leadership Changes - Jonathan Kanderka has been appointed as Chief Operating Officer, bringing over 20 years of experience in steam-assisted gravity drainage (SAGD) and thermal oil operations [27][28]. - Dean Custance has been appointed Vice President, Finance, with extensive experience in finance and accounting within the oil and gas sector [29]. Strategic Positioning - Greenfire holds a 75% working interest in the Hangingstone Expansion Facility and a 100% working interest in the Hangingstone Demonstration Facility, positioning the company for continued production growth and potential free cash flow generation [7][30]. - The company is well-positioned with $1.8 billion in corporate tax pools and lower pre-payout royalty rates, which are expected to enhance free cash flow generation, especially at higher commodity prices [26].

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Greenfire is an intermediate, lower-cost and growth-oriented Athabasca oil sands producer with concentrated Tier-1 assets that use steam assisted gravity drainage extraction methods. The Company is operationally focused with an emphasis on an entrepreneurial environment and a high level of employee ownership. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol "GFR". For more information, visit greenfireres.com or find Greenfire on LinkedIn and X. . ...

Core Points - Greenfire Resources Ltd. held its annual meeting of shareholders on May 15, 2024, in Calgary, Alberta, where voting results were announced [1][2] Voting Results - A total of 51,699,992 Common Shares, representing approximately 75% of the Company's issued and outstanding Common Shares, were voted at the meeting [3] - The following directors were elected: - Robert Logan: 100% votes for - Julian McIntyre: 99.89% votes for, 0.11% votes withheld - Matthew Perkal: 100% votes for - Jonathan Klesch: 99.68% votes for, 0.32% votes withheld - Venkat Siva: 99.97% votes for, 0.03% votes withheld - W. Derek Aylesworth: 100% votes for [4] - Deloitte LLP was appointed as the auditors of the Company until the next annual meeting, with remuneration to be fixed by the directors [5] Company Overview - Greenfire is an intermediate, lower-cost, and growth-oriented producer in the Athabasca oil sands, utilizing steam-assisted gravity drainage extraction methods [6] - The Company emphasizes responsible and sustainable energy development in Canada and is operationally focused with an entrepreneurial environment and employee ownership [6]

Greenfire Resources Announces Release Timing for Q1 2024 Results and Conference Call May 13, 2024 5:00 PM EDT | Source: Greenfire Resources Ltd. Calgary, Alberta--(Newsfile Corp. - May 13, 2024) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company"), a Calgary-based energy company focused on the sustainable production and development of thermal energy resources from the Athabasca region of Alberta, Canada, is pleased to confirm that the release of its operating and financial result ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024. GREENFIRE RESOURCES LTD. Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Commission File Number 001-41810 (Exact name of Registrant as specified in its charter) N/A (Translation of Registrant's name) Suite 1900, 205 – 5 Av ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...