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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Link did not populate correctly
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Comment by lovehockey on Nov 04, 2024 3:16pm
Based on this presentation they were planning to have extra $3.5 million likely to send toward debt, so Q3 results likely say the debt is down from $9 mln to $5.5 mln, so they will be paying all the way towards February 2025. 
Comment by freedom-1970 on Nov 04, 2024 8:00pm
They made some smart moves in the second half of 2024. We know they will have no drilling expenses til 25, My guess after spring break up, with some smart synergies of Rig deployment and infil service and drilling locations being studied.  I think Kevin will have us close to no debt depending on oil prices by Q1. Good  situation with time to deploy funds into low risk projects    ...more  
Gear Energy Ltd
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