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

Add To Watchlist

TSX:GXE - Post Discussion

Gear Energy Ltd > New Press Release - Gear Energy Ltd. Announces Name of Spin-Out Company, 2025 Budget, Updated Reserves and Shareholder Meeting Details

View:

(0)
•••

Post by PressRelease on Dec 18, 2024 6:30pm

New Press Release - Gear Energy Ltd. Announces Name of Spin-Out Company, 2025 Budget, Updated Reserves and Shareholder Meeting Details

Calgary, Alberta--(Newsfile Corp. - December 18, 2024) - As previously announced by Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company"), the Company has entered into an arrangement agreement pursuant to which a large publicly traded company will acquire Gear including its heavy...read article.

Comment

Comment by lovehockey on Dec 18, 2024 6:45pm

Even worse than I thought. They want to spend $43 million in 2025 to achieve 2000 boed. This is dead upon arrival project. I need to get out of this. These numbers presented are insane.

Comment

Comment by tylerreddick on Dec 18, 2024 9:59pm

If they can achieve what they claim, buying now would be a no-brainer. But the question remains, does anyone believe anything these people say? Having said that, the bottom is probably in. What happens next is anyone's guess.

117

Comment

Gear Energy Ltd