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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

Comment by Roscoe747on Feb 29, 2024 7:05pm
76 Views
Post# 35907949

RE:RE:TMX will be up and running sooner

RE:RE:TMX will be up and running sooner If the drag section of the bore is not sleeved, the epoxy corrosion coating may be scratched to bare metal requiring that section to be removed and repaired or replaced. Its a time consuming business because what goes in does not necessarily come out and, in rock, has to be replaced.

Once line fill begins, the spread should narrow. Most of the heavy oil will go to California while Washington will offtake more at Sumas to make up for declining North Slope production. There may not be any left for China as the left coast hippies do not practise what they preach.
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