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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 ztransforms173on Dec 14, 2024 4:31pm
87 Views
Post# 36362646

RE:Winners and Losers

RE:Winners and Losers- you FORGET to MENTION that Cenovus Energy will be RESPONSIBLE for the HUGE INACTIVE WELLS CLEAN UP LIABILITIES on those LEASED LANDS {producing 3,700 bbls/d of HEAVY crude oil} that ARE TRANSFERRED from Gear Energy 

- this is 'probably' ONE of the MAIN REASONS WHY the ACQUISITION COST was SO LOW on a FLOWING PER BARREL BASIS

z173


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