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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 kavern23on Dec 02, 2024 3:32pm
336 Views
Post# 36341348

RE:thoughts...

RE:thoughts...Let's pretend Newco has 4 central alberta belly river wells that could produce 200 barrels of oil (ipo 365 days) that could be drilled from one pad.

Why would you want to mix this high netback light oil with lower royalties for first 5 years...with lower netback old vertical heavy oil wells?

Market will never value that well being in a mismash of assets.

Unkown question is the quality of drilling inventory newco has.

Room does exist in patch for new smaller companies to exploit smaller plays like Belly or sparky heavy oil that is too small of a play for large companies.
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