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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 > houbahop
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Comment by houbahopon Dec 17, 2024 7:31pm
58 Views
Post# 36367225

RE:RE:RE:houbahop

RE:RE:RE:houbahopTxs for coming back on this.

"0.161 left for Newco, per GXE share"

Do we agree there is an oil & gas component and a cash component in NewCo assets?

From your calculation, they would add to $0.161 per GXE share.

If you substract the cash component, what is left for the Oil & gas component?

I assume $7m in transaction fees that was posted earlier on this forum.
If you take $20m, it leaves even less value for the oil & gas component.

How much cheaper can it go?

A very nasty job is done to GXE shareholders here. I am looking forward for the voting results.
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