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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Gear Energy Ltd > Bought out
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Comment by meritmaton Jun 05, 2022 10:23pm
192 Views
Post# 34733039

RE:RE:RE:RE:Bought out

RE:RE:RE:RE:Bought out

Also got rid of a bunch of inactive wells and facilities.  The reason for the hold up is the AER is making sure the company that's buying meets there criteria.   

Big companies not an issue but little companies lots of requirements.  They don't want the wells to end up in the orphan well fund 

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