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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 24, 2024 10:11pm
240 Views
Post# 36006342

stockwatch tonight

stockwatch tonight
As it happens, a different promotion of Mr. Gray's is also planning changes to its board. The Alberta- and Saskatchewan-focused Gear Energy Ltd. (GXE), up one cent to 67 cents on 625,100 shares, will ask shareholders on May 1 to add two new people to its board (joining Mr. Gray, who is Gear's chairman and co-founder). One is Kevin Johnson, who became Gear's president and CEO just two weeks ago, succeeding the retiring Ingram Gillmore. He was previously at the private Duvernay-focused Artis Exploration. The other new nominee is Kathy Turgeon, who has known Mr. Gray for many years. She is currently vice-president and chief financial officer of Peyto.
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