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.

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Gear Energy Ltd > March Update

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Post by jleer42on Apr 20, 2023 8:09am

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Post# 35404764

March Update

March Monthly Update is out. Capital expenditures down to $2.1m and net debt decreased $200k. Funds from operations were up to 4.7m with an average WTI of $73.37. Prodcution is down from 6164 to 6009 boe/day.

https://f8d829.p3cdn1.secureserver.net/wp-content/uploads/2023/04/2023-March.pdf

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