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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 Luckyelevenon Sep 20, 2022 4:32pm
312 Views
Post# 34974767

August update....

August update....Not very good if you ask me. Basically made nothing after paying the dividend. Cash on the balance sheet went down 4 million? Sure prices were lower but still. The commentary a waste of time with zero relevant information. Production up a tiny bit but didn't help the numbers. Bottom line is they spent more than they made, not good!! September so far will be lower revenue than August as prices are lower. Patience running thin with this for me.
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