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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.


TSX:GXE - Post by User

Gear Energy Ltd > They couldn't grow production with GXE,
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Comment by ztransforms173on Dec 12, 2024 12:16pm
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Post# 36359141

RE:They couldn't grow production with GXE,

RE:They couldn't grow production with GXE,- I CAN'T ANSWER that but ATB 'BELIEVES" in them as they are WILLING to LEND a MAXIMUM $ 35 million to Newco

- remember, that Newco is STARTING OFF with ZERO long-term DEBT so they have some FLEXIBILITY to DO SOME DRILLING with the ATB FUNDS

z173
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