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 > If everyone votes no,

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Comment by greyowlon Dec 20, 2024 12:45pm

83 Views

Post# 36372443

RE:If everyone votes no,

Hopefully something like what happened to Step Energy Services.

Everyone gracefully backs away from this bad deal and gets back
to work.

Comments from Step after thier attempted takeover vote last night

"We entered into this Agreement believing that this was in the best interest of STEP and delivered value to our STEP shareholders. STEP has grown from a small upstart company in 2011 to one of the industry's leading providers of coiled tubing and hydraulic fracturing services today," commented Steve Glanville, President and CEO. "We are excited about what the future holds for our company. Our Canadian region is closing out its best ever year and despite the challenges in the U.S. market, our coiled tubing service line has grown market share by introducing cutting edge technology to clients."

Also:

The termination is without liability or cost to any party

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