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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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.


TSX:GXE - Post by User

Post by tylerreddickon Jan 29, 2024 5:36pm
104 Views
Post# 35851469

Quintessential

QuintessentialYou said:

" I also noticed that longterm debt is just over $500k and net debt is $55 M
Could the net debt have something to due with the shut in inventory? "

If you can't even read a fiancial report, you shouldn't be investing your own money, and you certainly shouldn't be posting your nonsense here.

The net debt is made up of long term, current long term, and the deficit of accounts payable over accounts receivable, plus a few other odds and ends. If you don't understand that, you should quit posting.
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