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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

Post by JTDOUBLEon Jun 20, 2022 12:41pm
307 Views
Post# 34769033

FFO is 45 cents for 2022..

FFO is 45 cents for 2022..Variable dividends of 30% this should equate around 13 cents annually..

Easily could have 1 cents monthly dividends ..

As May indicates the continues of drilling and company expected more revenues to follow as indicated on the recent June update..

Once the Wildmere Sparky well is complete, Gear will have successfully drilled nine wells so far this year. With a 25 well program currently planned, operations are moving along as expected. If oil prices continue to remain as strong as they are currently, I would not be surprised to see Gear break some new records in the future.
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