Replies to post #376661 on $Rig's Platinum Stock Alerts

[The Truth Hurts]

So they sold some of their asset for cash and the ability to move forward with out diluting the stock?

[RIGATONI]

Charles Wampler, CEO & President

Petroleum Engineer with 41 years of E&P experience in conventional and unconventional reservoirs

Currently serves as Board of Director for Silverbow Resources

Previously a Board of Director for Energy XXI which was successfully sold

Served as President and COO of Aspect Energy, operating focus in Conventional and Unconventional projects both Foreign and Domestic

Chief Operating Officer and Board Member of Lewis Petroleum

Division Operations Manager at EOG, 20 years of experience in the Houston and South Texas divisions

Petroleum Engineer Degree, University of Southwestern Louisiana



Stewart Delcambre, EVP Land & Business Development

Certified Professional Landman with 24 years of E&P experience in conventional and unconventional reservoirs

Recently Served in several VP and EVP positions, operating focus in the Eagle Ford and East Texas

Acquired, developed and divested of over one million acres in both conventional and unconventional reservoirs located in various states and the Gulf of Mexico

Bachelor Degree-University of Southwestern Louisiana

Served eight years in the United States Army


Mitchell Graff, EVP Explorations

Geologist with 11 years of E&P experience in both unconventional and conventional reservoirs

Recently Served as VP Exploration –Palmera Resources, Focus on the Eagle Ford and Austin Chalk formations

British Petroleum Lead Geologist, onshore, conventional and unconventional, offshore conventional

Co-Author on three SPE papers dealing with completion optimization (178512, 178524, 178667)

Master of Science degree in Geology, Texas A&M, College Station

Bachelor Degree-Geology, University of Texas of the Permian Basin, Odessa, Texas

[Zardiw]

Nice feather for $BLFR ........impressive...........

Z

[The Truth Hurts]

So per todays pr. BLFR secures approximately $3,000,000 dollars through new partnership to fund work overs and recompilations on wells owned Screaming Eagle Partners to towards producing 10,000 barrels a day by the end of 2024.

[stervc]

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:

https://www.resourcerockexploration.com/who-we-are

https://www.resourcerockexploration.com/who-we-are

Kayne Anderson is a $33 Billion Company:

https://kayneanderson.com/

v/r
Sterling