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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 pierrelebelon Dec 30, 2024 12:51pm
216 Views
Post# 36381042

Question for GXE

Question for GXE
In the next few weeks we (shareholders) will start receiving phone calls soliciting our votes for the February meeting approving the takeover.

I have only one question to ask the caller:

"with about 2/3 of the production sold to Cenevus and about 1/3 kept in the new company, will management and members of the board cut the salaries and other remunerations by 2/3 to reflect the much lower production?"

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