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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

Comment by Roscoe747on Jun 09, 2022 12:02pm
103 Views
Post# 34743858

RE:GXE for/against

RE:GXE for/againstGear can keep production flat for 20 years with maintenance capital. It's $80 million abandonment and reclamation obligations are estimates and will be subject to inflationary pressures and skills shortages but as long as the process remains current ARO should be quite manageable.

July 27, after markets is the scheduled release of the Q2/22 financials. We shall find out the Q2/22 variable dividend at that time.
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