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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 traderlong2on Apr 03, 2024 7:00pm
218 Views
Post# 35969168

85 oil

85 oil
from the last presentation
$75 oil covers all expenses,capex and the divy
so the 10 current extra equals

5800 bpd x $ 10 = 58,000 per day or 1,740,000 per month
for buy backs and debt reduction
if it holds for the year thats 20,880,000 free cash after all expenses,capex and divy

.85 cents next stop


oil @ 80 is still 10.4 million surplus
oil @90 is 31 million surplus
now get those bpd above 6000 and we are off to dollar land
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