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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 pierrelebelon Nov 22, 2024 5:12pm
82 Views
Post# 36326853

RE:RE:Conservative date for GXE being debt free - Feb 15, 2025

RE:RE:Conservative date for GXE being debt free - Feb 15, 2025
Feb 12, 2025 is an interesting target date.

It is possible, everything is possible.

Now, as a longterm shareholder I remember the "good old days" when management would send us a monthly update. Two years ago, at the end of November 2022, GXE was debt free (small surplus of $1,900,000).

Things were really looking good then with the share price at $1.20.  Some oldtimers may remember that the monthly dividend was $0.01 at that time (until July 2023).

Yes patience will eventually be rewarded but... it may be later than February 2025.


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