Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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

Gear Energy Ltd > API teports 2.7 millions drawdown again ..

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Comment by Roscoe747on Apr 24, 2023 11:30am

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Post# 35410446

RE:RE:RE:API teports 2.7 millions drawdown again ..

Yes and this manipulation is driving capital out of the oil and gas sector as investors are afraid of catching falling knives. It may be a while before market fundamentals overcome manipulation. All indications point to renewed demand expansion but the 'recession' fearmongering is louder than the demand growth indicators for now.

Refinery utilisation is up to 91% as refiners build product inventories for the driving/flying season.

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New Found Gold begins surface trenching at Queensway