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 > Loading More..

<< Previous

Bullboard Posts

Next >>

Comment by lovehockeyon Feb 23, 2023 11:02am

128 Views

Post# 35300753

RE:RE:RE:Loading More..

Not so sure if you are trolling or you have trouble reading information verified by Deloitte but this time I will help you with this.

https://boereport.com/2023/02/22/gear-energy-ltd-announces-fourth-quarter-2022-operating-results-and-year-end-reserves-summary/

From a financial perspective, Gear generated record Funds from Operations (“FFO”) of $93.8 million and delivered an impressive $37.0 million of aggregated returns to stakeholders. These returns account for 39 per cent of annual FFO, and exceed the full annual realized FFO in seven of the past 13 years of operations for Gear. In total, through 2022, Gear provided 85 per cent growth in FFO per debt adjusted share which supported: