Gear Energy Ltd. is pleased to provide the following third quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis for the period ended September 30, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Nine months ended Sep 30, 2018 Sep 30, 2017 Jun 30, 2018 Sep 30, 2018 Sep [...]
Gear Energy Ltd. is pleased to announce the successful completion of the acquisition of Steppe Resources Inc. , a private oil and gas company, pursuant to the previously announced plan of arrangement . Pursuant to the Arrangement, shareholders of Steppe received 0.1445 of a Gear common share for each Steppe common share . As a result, Gear issued approximately 21.9 million Gear Shares. Concurrent with the closing of [...]
Gear Energy Ltd. is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis for the period ended June 30, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Six months ended Jun 30, 2018 Jun 30, 2017 Mar 31, 2018 Jun 30, 2018 Jun 30 [...]
/STATES/ CALGARY, July 23, 2018 /CNW/ - Gear Energy Ltd. is pleased to announce that it has entered into a definitive agreement providing for the acquisition by Gear of all of the issued and outstanding common shares of Steppe Resources Inc. , a private oil and gas company, pursuant to a plan of arrangement under the Business Corporations Act . Light Oil Acquisition Under the terms of the Arrangement, Steppe shareholders [...]
CALGARY, May 31, 2018 /CNW/ - Gear Energy Ltd. is pleased to announce that effective June 1, 2018, Ms. Bindu Wyma has been appointed to the Board of Directors of Gear and will also serve on the Company's Reserves Committee. Ms. Wyma has over 30 years of experience in the oil and gas industry with extensive experience in acquisitions and divestitures underpinned by a background in reservoir engineering and reserves [...]
CALGARY, Alberta, May 09, 2018 -- Gear Energy Ltd. is pleased to announce that the nominees listed in the management proxy circular dated April 2, 2018 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear's annual meeting of shareholders held today are set out below. On a vote by ballot, each of the following six nominees proposed by management was elected as a [...]
CALGARY, May 9, 2018 /CNW/ - Gear Energy Ltd. is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis for the period ended March 31, 2018 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended March 31, 2018 March 31, 2017 Dec 31, 2017 FINANCIAL Funds from [...]
CALGARY, March 21, 2018 /CNW/ - Gear Energy Ltd. is pleased to present the following operational update and revised outlook for 2018. The first quarter of 2018 has been quite dynamic to date. The Company would like to update investors on the following key accomplishments and revised outlook: 2018 Capital Activity To Date Wilson Creek Gear successfully drilled and frac'd a new extended reach Basal Belly River light oil [...]
CALGARY, Feb. 21, 2018 /CNW/ - Gear Energy Ltd. is pleased to present the following results and analysis of its 2017 year-end independent reserve report prepared by GLJ Petroleum Consultants Ltd. . In 2017 Gear invested $49.5 million consisting of $47.8 million of development capital and $1.7 million in acquisition and divestiture activity. The combined investment provided Gear with 26 per cent production growth and 52 [...]
CALGARY, Feb. 21, 2018 /CNW/ - Gear Energy Ltd. is pleased to provide the following fourth quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis for the period ended December 31, 2017 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary Three months ended Twelve months ended Dec 31, 2017 Dec 31 [...]
CALGARY, Dec. 14, 2017 /CNW/ - Gear Energy Ltd. is pleased to provide the following update to shareholders. 2018 BUDGET Gear is pleased to announce a 2018 capital budget of $58 million, targeting a balance between low risk production growth and continued expansion of future drilling inventory. The budget is forecasted to include the drilling of 41 horizontal oil wells throughout Gear's heavy and light oil asset base. The [...]
CALGARY, AB, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Gear Energy Ltd. (“Gear” or the “Company”) (TSX:GXE) is pleased to provide the following third quarter operating update to shareholders. Gear’s Interim Financial Statements and related Management’s Discussion and Analysis (“MD&A”) for the period ended September 30, 2017 are available for review on Gear’s website at [...]
+36,00 %
0,00 %
-0,68 %
-18,65 %