Thursday, November 02, 2023 9:32:58 AM
BLFR**Kayne Anderson is a $33 Billion Company & more with BLFR...
I think the team here with BLFR is a lot more serious than the attention coming from the market right now. From this BLFR PR below, Resource Rock Exploration, LLC is funding BLFR and their Screaming Eagle Partners, LLC operations to increase oil production as part of the six month plan to strategically achieve its vision of no less than 10,000 bbls/day of sustained production of oil by giving them $3 Million for starters to fund BLFR:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Enters-into-a-Binding-Letter-Agreement-with-Resource-Rock-Exploration-LLC-to-Increase-Oil-P?id=419011
The price of oil per barrel is currently $80.00+ per barrel:
https://oilprice.com/
I suggest all to figure how much in revenues that 10,000 bbls/day will equate to then figure that they are currently tracking initial production of the first 6 wells to be up to 1,200 bbls/day and with an additional 1,800 bbls/day in Q4 2023 from another major acquisition:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Acquires-Screaming-Eagle-Partners-LLC-a-Cashflow-Positive-Family-Owned-Oil--Gas-Company-in-?id=417926
Screaming Eagle Partners, LLC was just their first acquisition with a much bigger acquisition coming soon as the company has indicated. As of Oct 30, 2023, the company filed a Share Structure Letter from their Transfer Agent (Issuers Direct) indicating that BLFR has not issued any shares of common stock since March 2017 which shows that BLFR has 33,947,368 shares indicated for its Outstanding Shares (OS):
https://www.otcmarkets.com/otcapi/company/financial-report/385171/content
BLFR stated in PRs that they are going to cancel 18 Million shares from the OS taking it down to 15,947,368 shares and that they are going to reduce the Authorized Shares (AS) down to 250 Million:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Shares-a-Letter-from-the-Interim-CEO-with-Updates-on-the-Share-Structure?id=419478
Then BLFR recently PR-ed that they have entered into strategic partnership with Eventus Advisory Group, LLC, to get them to the NASDAQ while not a reverse split to meet the $5.00 minimum bid requirement:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Partners-with-Eventus-Advisory-Group-LLC-to-Work-Towards-NASDAQ-Uplisting?id=419690
Resource Rock Exploration, LLC is a Kayne Anderson portfolio company with a financial commitment from Kayne Anderson Energy Fund VII and Fund VIII for $100 million, respectively:
Kayne Anderson is a $33 Billion Company:
v/r
Sterling
I think the team here with BLFR is a lot more serious than the attention coming from the market right now. From this BLFR PR below, Resource Rock Exploration, LLC is funding BLFR and their Screaming Eagle Partners, LLC operations to increase oil production as part of the six month plan to strategically achieve its vision of no less than 10,000 bbls/day of sustained production of oil by giving them $3 Million for starters to fund BLFR:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Enters-into-a-Binding-Letter-Agreement-with-Resource-Rock-Exploration-LLC-to-Increase-Oil-P?id=419011
The price of oil per barrel is currently $80.00+ per barrel:
https://oilprice.com/
I suggest all to figure how much in revenues that 10,000 bbls/day will equate to then figure that they are currently tracking initial production of the first 6 wells to be up to 1,200 bbls/day and with an additional 1,800 bbls/day in Q4 2023 from another major acquisition:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Acquires-Screaming-Eagle-Partners-LLC-a-Cashflow-Positive-Family-Owned-Oil--Gas-Company-in-?id=417926
Screaming Eagle Partners, LLC was just their first acquisition with a much bigger acquisition coming soon as the company has indicated. As of Oct 30, 2023, the company filed a Share Structure Letter from their Transfer Agent (Issuers Direct) indicating that BLFR has not issued any shares of common stock since March 2017 which shows that BLFR has 33,947,368 shares indicated for its Outstanding Shares (OS):
https://www.otcmarkets.com/otcapi/company/financial-report/385171/content
BLFR stated in PRs that they are going to cancel 18 Million shares from the OS taking it down to 15,947,368 shares and that they are going to reduce the Authorized Shares (AS) down to 250 Million:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Shares-a-Letter-from-the-Interim-CEO-with-Updates-on-the-Share-Structure?id=419478
Then BLFR recently PR-ed that they have entered into strategic partnership with Eventus Advisory Group, LLC, to get them to the NASDAQ while not a reverse split to meet the $5.00 minimum bid requirement:
https://www.otcmarkets.com/stock/BLFR/news/BlueFire-Equipment-Corp-BLFR-Partners-with-Eventus-Advisory-Group-LLC-to-Work-Towards-NASDAQ-Uplisting?id=419690
Resource Rock Exploration, LLC is a Kayne Anderson portfolio company with a financial commitment from Kayne Anderson Energy Fund VII and Fund VIII for $100 million, respectively:
Kayne Anderson is a $33 Billion Company:
v/r
Sterling
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