were you in my same troop? We didn't sleep either, then it started raining and everything got wet, killed the fire. Same for you?
If it was a Les Stroud situation, then you have to work with the cards you have.
I also see the issues of one side medium-well, the other frozen, rolling into the fire, embers catching your clothing / hair / whatever on fire. But if you planned it out well, it's probably workable.
I'm game to try it again, but would want a backup position...