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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 tylerreddickon Sep 29, 2023 9:08am
98 Views
Post# 35661256

RE:RE:RE:RE:RE:Fact- Gear is up for sale

RE:RE:RE:RE:RE:Fact- Gear is up for saleWell scienceguy, I relaly don't think you considered the decommissioning liabilities until I mentioned it, then you had to go back and come up with a number to make it look like you were doing a serious analysis. Personally, I think you just pulled a number out of thin air, a number where you could break even.
Something might come out of this review, but I wouldn't be holding my breath. Remember the last few times they tried dumping those liabilities, didn't work out so well.
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