Welcome to the Greenfire Resources Ltd. Acquisition Article

Introduction

Calgary, Alberta–(Newsfile Corp. – September 19, 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 acknowledges the announcement on September 16, 2024 by Waterous Energy Fund Management Corp. (“WEF Manager”) in its capacity as manager of certain limited partnerships (collectively, “WEF”), that it has entered into agreements with certain Greenfire shareholders (the “Selling Shareholders”) to acquire 43.3% of the issued and outstanding common shares (the “Common Shares”) of the Company (the “Proposed Acquisition”).

Impact on You

The acquisition of Greenfire Resources Ltd. by Waterous Energy Fund Management Corp. can potentially impact you as a shareholder in the company. This acquisition may lead to changes in leadership, business strategies, and overall direction of the company. It is important for shareholders to closely monitor the developments and decisions made by the new management team to evaluate the potential impact on their investment.

Global Impact

The acquisition of Greenfire Resources Ltd. by Waterous Energy Fund Management Corp. can have significant implications on the energy industry and the global market. It may lead to changes in market dynamics, competition, and energy production strategies. This acquisition could potentially influence the overall energy landscape and contribute to shaping the future of the industry on a global scale.

Conclusion

In conclusion, the acquisition of Greenfire Resources Ltd. by Waterous Energy Fund Management Corp. represents a significant development in the energy sector. Shareholders, industry stakeholders, and the global market are advised to closely monitor the outcomes and repercussions of this acquisition to gain a deeper understanding of its implications and potential opportunities.