Greenfire Resources appoints Travis Belak as VP Finance

CALGARY - Greenfire Resources Ltd. (NYSE:GFR) (TSX:GFR), a profitable oil sands producer with a market capitalization of approximately $319 million, has appointed Travis Belak as Vice President, Finance, according to a company statement released Thursday. According to InvestingPro analysis, the company maintains strong financial health with excellent profitability metrics.

Belak, who brings approximately 15 years of experience in upstream oil and gas financial reporting, will serve as the company’s most senior financial professional, reporting directly to President Colin Germaniuk. He previously held the position of Corporate Controller at HWN Energy.

Belak replaces Tony Kraljic, who has departed from his role as Chief Financial Officer.

The Alberta-based oil sands producer also announced three additional executive appointments: Mark Andreas as Vice President, Development; Gord Trainor as Vice President, Geosciences; and Jeremie Batias as Vice President, Reservoir Engineering.

Andreas has over 15 years of industry experience, including 12 years in Steam-Assisted Gravity Drainage (SAGD) at MEG Energy. Trainor brings more than 25 years of oil and gas experience, having most recently served as Chief Operating Officer at Conacher Oil and Gas from 2019-2024. Batias has over 20 years in the sector, with 12 years focused on SAGD operations at companies including Total Energies and ConocoPhillips.

Greenfire develops thermal oil assets in the Athabasca region of Alberta and is dual-listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol "GFR."

In other recent news, Greenfire Resources Ltd held its second-quarter 2025 earnings call, highlighting significant operational challenges in its Alberta oil sands operations. While specific financial figures were not disclosed, the company emphasized its focus on addressing production issues and outlined its strategic priorities for future development. These developments come amid broader concerns about production volatility. Additionally, Greenfire Resources did not provide detailed earnings or revenue results during the call. The company’s commitment to overcoming these challenges remains a focal point as it navigates the current operational landscape. Investors and analysts will likely continue to monitor the company’s progress in addressing these issues.

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