Replies to post #3568 on BlueFire Equipment Corp (BLFR)

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BlueFire Equipment Corp (BLFR) Shares a Letter from the Interim CEO with the Status on the Many Progressing Items
Press Release | 12/01/2023
BlueFire Equipment Corp.(OTC: BLFR) (BLFR or the Company), a specialist in emerging industry acquisitions,today shares a letter from the Companys Interim CEO and Director of the Board, Nickolas S. Tabraue with the status on the many progressing items.

Dear Shareholders and Investors,

Due to the week of November 19, 2023, Thanksgiving week, many businesses were closed, and individuals were not available. Due to this, it has unfortunately delayed many of the events/items that are being finalized. We were anticipating at least one to two of these items to have transpired to this week, but we are still waiting for reports and countered singed documents to return to management for the Company to upload and announce.

The anticipated items being finalized are listed below with their status:

Monthly third-party production reports.
The company has had its 100% operating working interest production report since November 14, 2023, but has been waiting for its non-operating working interest production report from Exponent Energy. 4J Energy, LLC. and Exponent Energy and each month moving forward once received.

Exponent Energy, LLC. became the new operator for the Companys non-operating working interest at the end of September 2023. This is the first time the Company requests the reports from them but anticipates receiving them efficiently moving forward. The change in operators greatly benefits with Company due to Exponent Energys increased focus on the assets and willingness to work with the Company to significantly increase production with a target of 1,000 bbls/day by Q4 2024. Furthermore, Exponent Energy plans to take steps to decrease lease operating expenses by the end of 2023. These efforts will significantly increase profits for the Company in future periods since Screaming Eagle BNJ JV, LLC. receives 50% of the revenue, while the Company receives 90% out of Screaming Eagle Partners, LLC.

Finalizing the Joint Operating Agreement with Resource Rock Exploration.
Documents are being finalized after negotiating out Screaming Eagle BNR JV, LLC.s current operator to transition to Resource Rock Exploration. Managements anticipates uploading and announce the executed Joint Operating Agreement once completed.

Launching corporate and subsidiary websites.
Currently being developed with the an anticipation to be completed within two weeks.

Acquire remaining 10% of Screaming Eagle Partners, LLC. to own 100%.
Currently being negotiated.

A potential agreement with a mineral company.
The Companys Chairman is currently in discussion with multiple interested mineral companies to potentially form a partnership where they provide the 20% equity required in conjunction with the 80% intuitional loan to acquire operating assets. This will allow the Company to purchase additional operating assets, limiting the use of the capital markets. Management will upload and share an LOI as discussions proceed.

Potential acquisition on a 1,650 bbls/day on 33.6k acre operating asset with numerous drill locations and recompletions to increase future production.
Currently finalizing LOI leading to the PSA. Management anticipates uploading the LOI and Executive Summary any day.
.
18 million shares of common stock cancellation.
Currently going to the next required step to proceed with the cancelation process. Management anticipates uploading an update very soon.

Commence company name/ticker symbol change.
Currently in process with FINRA.

Engage an audit firm to commence company audit.
Management anticipates having an update and potential upload within the middle of December 2023.

We greatly appreciate all of our loyal shareholders and investors support and patience as we continue progressing to grow BLFR.

Thank you,
Nickolas S. Tabraue
Interim CEO, Chief Compliance &
Investor Relations Officer, and Director of the Board

About BlueFire Equipment Corp. (BLFR)

BLFR, after its first acquisitions in the oil and gas industry, Screaming Eagle Partners, LLC. operating in the state of Texas, is focused on increasing its acquisitions within the energy sector.

SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Companys expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange including words such as anticipate, if, believe, plan, estimate, expect, intend, may, could, should, will and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Companys control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. There are no assurances that the Company will complete additional acquisitions or will be successful in being approved for a NASDAQ listing. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Companys revenues, financial condition or stock price.

Company Contact:
Nickolas S. Tabraue
Interim CEO, Chief Compliance and Investor Relations Officer, and Director of the Board
[e-mail]
Phone [phone]