Gear Energy Ltd T.GXE

January update released

[yycimport]

https://gearenergy.com/wp-content/uploads/2022/02/2022-January.pdf

debt reduction a bit smaller than I expected, $2.3M.

[meritmat]

Ya but they do have 10000 bbl in storage.  Should be a great boost next month 

[yycimport]

I just seen that in the notes....that will definately be a good boost for end of Q1

[meritmat]

The operational excuses for the weather are poor.  Other then a couple of cold snaps it's been mild since Dec left.  

[ronz]

Looks OK to me, I mean whats wrong with continued debt repayment, moving closer to being debt free very soon, and the results show real comittment to this strategy that I am happy to see. Also, drilling additional wells that look to be cost effective and very productive to bring more oil on line for them to sell will serve them very well in this current economic environment. Whats not to like here

[yycimport]

hope they waited to sell those 10,000 barrels, this would be a good boost at $108 or higher.