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 > EIA 12.5 millions drawdown ..

<< Previous

Bullboard Posts

Next >>

Comment by Roscoe747on May 30, 2023 2:30pm

78 Views

Post# 35470792

RE:RE:RE:RE:EIA 12.5 millions drawdown ..

Donald, I cetainly hope you sell at $.94 while you still can. GXE has a 2P RLI of 10 years and a NPV of ~18% per annum based on reserves estimates. Investing in a high beta stock is a high risk/high reward strategy and investors need to be nimble. GXE is a play on oil price appreciation, not a long term income play at present.

The new high tech model of investing requires new thinking and dynamic prosecution of strategy. it is not for everyone. GXE is blowing down reserves to return cash to shareholders and whether or not they will dedicate future capex to exploration is an open question.

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle