• Greenfire Resources Ltd. published its MD&A for Q1 2026, outlining a higher 2026 capital budget of CAD 210 million while maintaining annual average production guidance of 13,500-15,500 bbls/d.
• Expansion Asset growth plan advanced, with HE Pad 7 drilling set to finish late Q2 2026, first steam expected in Q3 2026, first oil expected in Q4 2026.
• HE Pad 8 plan expanded to nine well pairs, with development accelerated by about five months; drilling expected to start in 2H 2026, first oil expected in Q3 2027.
• HE Pad 5SE drilling expected to start in Q3 2026, with first oil expected in Q2 2027; Expansion Asset also scheduled for a major turnaround in May 2026 with a full plant outage for part of month.
• Demo Asset started production in March 2026 from two producer wells redrilled in Q4 2025, supporting current production rates alongside base optimization work.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenfire Resources Ltd. published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.