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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Post by JTDOUBLEon Jul 15, 2022 12:15pm
210 Views
Post# 34827238

TAX pool of 668 millions...

TAX pool of 668 millions...Market Capitalization 261 millions..

Like I said before GXE is ripe for take over not just because the company has no debt and a Cash cow

But take a look of the tax Pool here almost 3 times what the company worth this alone gives a lot of weight especially most oil gas are in black and the need for find tax credits to lessen tax owe..

Tax Pool Summary December 31, 2021 ($ MM)

 Canadian Oil and Gas Property Expense 130

Canadian Development Expense 196

Canadian Exploration Expense 28

Undepreciated Capital Cost 60 Non-Capital Losses 253

Estimated Realizable Tax Pools, Federal and Provincial 668
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