BlueFire Equipment Corp (BLFR) Executes a Combination Agreement with Ram Cap, LLC. Obtaining a $30 Million Line of Credit and 10 Cash Deposit Secured LOIs Valued at Approximately $209 Million to be Merged within 2024 Starting in Q2 - Seite 3

About T. Dan Powers:

Mr. Power's brings an extensive knowledge of the oil and gas industry, and specializes in mergers, acquisitions, and divestitures. Mr. Powers' areas of expertise include Well Servicing, Fishing & Rental, Completion Systems, Fluid Services, Water Systems, Automation & Construction, Production Chemicals, and Manufacturing & Fabrication. While serving as Vice-President of Business Development for Globe Energy Services, Mr. Powers was instrumental in Globe's expansion from $20 Million in annualized revenue to $450 Million in annualized revenue. Mr. Powers is a Certified Appraiser, a member of the Association of Energy Service Companies, International Association of Drilling Contractors, Permian Basin Petroleum Association, and on the Board of the Permian Basin International Oil Show.

Dr. D. Rene Ramirez, BLFR's new Chairman of the Board comments, "We believe that BlueFire is uniquely positioned to experience tremendous growth in 2024 due to their acquisition of Screaming Eagle Partners assets last year. Ram Cap brings an extensive team of production analysts, engineers, geologists, landmen, drilling supervisors, and completion specialists that can provide the human capital required to experience aggressive production increases with BLFR's current assets and prospective well acquisitions. Our team also brings a comprehensive knowledge base in environmental remediation and waste management, which will help BlueFire and its subsidiaries produce our nations resources in a safe, efficient, and environmentally responsible manner."

Nickolas S. Tabraue, BLFR's Interim CEO and Director of the Board, comments, "After weeks of silence, we have finally selected and structured the best opportunity for BLFR and our loyal shareholders. We feel that this arrangement and plan will accelerate and exceed our growth without the need to raise capital through the capital markets, keeping our share structure intact while bringing the most immediate intrinsic value to our shareholders."

View the executed Combination Agreement and supporting documents: https://www.otcmarkets.com/stock/BLFR/disclosure

About Ram Capital, LLC.

Ram Cap, LLC., is a privately held company whose subsidiaries and related entities invest in various types of healthcare, information technology (IT), data analytics, insurance, real estate, and oil & gas/energy.

About BlueFire Equipment Corp. (BLFR)

BLFR, after its two acquisitions in the oil and gas industry-90% of Screaming Eagle Partners, LLC. and 85% of Screaming Eagle Energy, LLC., both operating in the state of Texas-is focused on increasing its acquisitions within the energy sector. This initiative is supported by funding and structuring facilitated through its Ram Cap, LLC.'s contributions and assigned assets.