Gear Energy Ltd.

ear Energy and Striker Exploration are pleased to announce that they have entered into a definitive agreement providing for the acquisition by Gear of all the issued and outstanding common shares of Striker pursuant to a plan of arrangement under the Business Corporations Act (Alberta). In addition, Gear has entered into an agreement for a $15 million bought deal financing and has received a term sheet for a pro forma $50 [...]

CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 11, 2016 were elected as directors of Gear. The detailed results of the vote for the election of directors held at its annual and special meeting of shareholders held today (the "Meeting") are set out below. On a vote by ballot, each of the [...]

CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended March 31, 2016 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary [...]

CALGARY, ALBERTA--(Marketwired - Mar 28, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the Board of Directors has approved a $10 million capital budget for 2016. The fundamentals of the oil market have begun to improve dramatically from the lows seen early in 2016. West Texas Intermediate ("WTI") oil prices have rebounded from the lows of approximately US$26 per barrel to the current US$40 per [...]

CALGARY, ALBERTA--(Marketwired - Feb 17, 2016) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) presents the following results and analysis of its 2015 year-end independent reserve report. In 2015 Gear re-invested only $14.2 million or 36 per cent of total cash flow with the balance directed to strengthening the company's balance sheet. HIGHLIGHTS Reserve additions associated with the net $14.2 million of 2015 [...]

CALGARY, ALBERTA--(Marketwired - Feb 17, 2016) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following fourth quarter and year-end operating update to shareholders. For more information in conjunction with this release, please refer to Gear's Annual Audited Financial Statements, Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2015 and 2014, and 2015 [...]

CALGARY, ALBERTA--(Marketwired - Feb 1, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces operational highlights for the fourth quarter of 2015 and revised outlook for the first half of 2016. 2015 Operational update Sales production averaged 5,015 boe/d for the fourth quarter; yielding annual production of 5,670 boe/d. Production declined 400 boe/d from the previous quarter, which includes approximately 200 boe/d of [...]

CALGARY, ALBERTA--(Marketwired - Nov. 30, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the closing of its previously announced $25.8 million financing. Pursuant to the financing, Gear has issued and sold through a syndicate of underwriters co-led by GMP Securities L.P. and Peters & Co [...]

CALGARY, ALBERTA--(Marketwired - Nov 10, 2015) - 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, 2015 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial [...]

CALGARY, ALBERTA--(Marketwired - Nov. 10, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce a $25.8 million financing, the approval of a $31.0 million 2016 development capital budget, and a banking update. $25.8 Million Financing Gear has entered into an agreement with GMP Securities L.P [...]