Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.

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Gear Energy Ltd > The Best Defense is a Good Offense

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Comment by Roscoe747on Jan 29, 2024 1:01pm

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Post# 35850775

RE:RE:RE:The Best Defense is a Good Offense

AIMCO owns 47% and backstopped the last bailout. Razor owns/ owned FutEra, a geothermal hybris power plant in Swan Hills and Blade, a dirtworks contractor in mid Ab. Razor is a mess but AIMCO could merge it with GXE, IF the deal was accretive, by removing the extraneous entities ( and the bagholders). On the surface Razor looks like a freeway pileup with miles of lawyer word salad trailing behind it but there may be value in its production.

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How to decrease sector risk by owning hundreds of mineral assets