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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 Apr 23, 2024 12:07pm
211 Views
Post# 36003410

RE:Love the cancelation of monthly updates

RE:Love the cancelation of monthly updatesWe shall see what sort of CEO Johnson bocomes but his reason for dicontinuing the upates is underwhelming, right up there with: "the dog ate my homework". If Johnson is so 'busy' that he can't spare a moment to share a few thoughts, he is doing the ceo thingy wrong.

I agree that these updates were mostly factless drivel except for the monthly numbers. They are most valuable for what they did not say rather than what they did. One indication on production may indicate fruition on enhancements such as waterfloods but it is the decline rate that will tell the tale on sustainability.


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