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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 NotThatBright22on Nov 28, 2023 2:49pm
62 Views
Post# 35756942

RE:RE:Relax folks...this was dated Sept 27,2023

RE:RE:Relax folks...this was dated Sept 27,2023Again the divi will remain. There will be NO share buy-backs. Business as usual!

"As previously announced, Gear is currently undertaking a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value (the "Strategic Process"). As a result of the ongoing Strategic Process, Gear is not providing a detailed monthly update. Gear does not intend to disclose developments relating to the Strategic Process, unless the Board has approved a specific transaction, or otherwise determines that disclosure is necessary or appropriate. Gear's Board of Directors has implemented a trading blackout while the Strategic Process is ongoing."
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