BLUEFIRE EQUIPMENT CORP - BLFR STOCK NEWS

BlueFire Equipment Corp (BLFR) reported significant financial progress following its restructuring strategy and recent acquisitions. After acquiring West Texas Dirt Movers and Reed Exploration in July 2024, the company achieved an 855.6% revenue increase from $84,962 to $811,912 during Q3 2024.

The revenue growth was attributed to restarting production within Reed Exploration on land acquired through the Ram Cap agreement, and new projects secured by WTDM's President Alexandra Felix. The company expects continued revenue from these projects into Q4 2024, as it focuses on growing revenues, profits, and cash flows.

BlueFire Equipment Corp (BLFR) has acquired West Texas Dirt Movers, Inc and Reed Exploration, , collectively valued at $67.4 million, as part of its restructuring strategy. The acquisition aims to expand BLFR's portfolio in the oil and energy services sector. West Texas Dirt Movers, led by Alexandra Felix, has a 17-year history in oilfield construction and recently acquired Midland Equipment, , enhancing its heavy equipment fleet. Reed Exploration operates over 10,000 acres with significant oil reserves valued at $63,217,820 as of December 2023. This acquisition supports BLFR's growth and efficiency goals in an environmentally conscious manner. Additionally, BLFR has formed BlueFire Energy, , a wholly-owned subsidiary, and announced several key executive appointments, including Dr. David Rene Ramirez as CEO and Michael Mazur as COO. The company aims to increase its total value to approximately $278,000,000 by the end of 2024 through further acquisitions.

BlueFire Equipment Corp. (BLFR) announces a restructure to optimize operations and facilitate planned acquisitions in 2024. The company terminated members of Screaming Eagle Partners, , including the CFO, and plans to acquire various companies in different sectors. The marketing and branding campaign aims to establish BLFR as a full energy holding brand. Share cancellation and audit status are progressing as planned.

BlueFire Equipment Corp. (BLFR) announces a Combination Agreement with Ram Cap, LLC, involving a $30 million line of credit and 10 LOIs valued at approximately $209 million. The agreement includes the issuance of 54,000,000 shares of series A preferred stock to Ram Cap in exchange for capital and select assets. Ram Cap's CEO, Dr. D. Rene Ramirez, becomes Chairman of the Board. The Company plans to merge various companies throughout 2024, with the first acquisition scheduled for Q2.

BlueFire Equipment, Corp. (BLFR) to participate in The Microcap Conference on January 30, 31, and February 1, 2024, with the Interim CEO and Chairman presenting. Interested parties can register to attend and have one-on-one meetings with the management team.

BlueFire Equipment Corp. (BLFR) appoints Daniel Borders as its first Advisory Board member after a successful year in the oil and gas industry, aiming to increase shareholder value through acquiring additional producing assets. The company anticipates closing its first acquisition in Texas, with significant production and drilling potential, by Q1 2024.

BlueFire Equipment Corp. (OTC: BLFR) has acquired 85% of Screaming Eagle Energy, LLC. (SEE), a company purchasing oil and gas producing assets in Texas. The acquisition involved no cash or shares of BLFR stock. SEE has also entered into a Letter of Intent to purchase oil and gas assets with significant drilling potential and over 25,000 acres currently held in production.

BlueFire Equipment Corp. (OTC: BLFR) announces the execution of a Joint Operating Agreement and Participation Agreement with Resource Rock Exploration, LLC. The agreements position Resource Rock with a 12.5% interest in certain assets, leaving Screaming Eagle with 77.5% interest. Resource Rock will also commit $1,000,000 to fund workovers and recompletions on wells owned by Screaming Eagle, with the potential for an additional $1,650,000. The partnership aims to increase production and secure a reserve-based loan, enhancing the company's enterprise value through organic production growth and strategic acquisitions.

BLFR - BlueFire Equipment Corp. Announces Q3 Fiscal 2023 Financial Results, Highlights, and Outlook