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.

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Gear Energy Ltd > My understanding without the prospectus

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Comment by rustybladeson Dec 02, 2024 12:37pm

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Post# 36340964

RE:My understanding without the prospectus

".......Basically, Newco witll be the old Gear starting over at .30 cents per share with no dividend......"

And with all of the adminstrative costs carried by a smaller entity and revenue base.

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