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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
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Post by lovehockeyon Oct 24, 2023 5:56pm
195 Views
Post# 35699127

Debt down $1.7mln MTM for Sep

Debt down $1.7mln MTM for SepCAPEX is somewhat flat @ $4.8mln vs 5.0 in Aug and 4.8 in Jul. Daily production is as planned at 5600 boed vs 5400 (Aug) and 5500 (Jul). This is on pace to reduce the debt by about $6mln before the end of the year. 2024 is looking pretty good - 6000 boed production and debt of only $7mln. Stay patient. 
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