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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

Post by petrolia1on Dec 20, 2024 12:18am
169 Views
Post# 36371582

2023 oil reserves report

2023 oil reserves report On the gear  website  not able to find 2023 oil reserves report .I had a conversation with  Gillmore shortly before his retirement, he said gear proved producing reserve discounted at 10% were worth $.75 per share. What has happened  so suddenly??Newco shows reserves of$.66 and will cost us $ 2 dollars  a share.Where is the board fiduciary responsibility?what happened to Don Grey,last insider report shows him holding more than 8.5 million shares ,in may 24 he bought 294500 at$.77,how could  he vote for this deal?Should insiders be forced to disclose their election for cash or shares?

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