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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by meritmaton Jun 06, 2022 9:38am
152 Views
Post# 34733673

RE:RE:RE:RE:RE:RE:RE:RE:Bought out

RE:RE:RE:RE:RE:RE:RE:RE:Bought out

Just skimmed over the news release.  450 well bores and 84 facilities.   My neck of the woods a well normally pays the land owner 2500-3200 per years plus taxes to the local MD
 

3000@ 450 is 1.35m in surface revenue.  Plus taxes/weed controll/operations/pipeline mataince ect ect.   I'm guesstimating a bit here but you can see how this stuff eats into a company's cash flow 

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