Gear Energy Ltd.

CALGARY, ALBERTA--(Marketwired - June 30, 2015) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces an amended credit facility following a semi-annual review by its bank syndicate and a new executive appointment. The credit facility has been amended to a borrowing base of $90 million, a reduction from its previous $130 million borrowing base. The reduction is primarily a result of reduced commodity pricing and had been [...]

CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Gar Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 1, 2015 were elected as directors of Gear. The detailed results of the vote for the election of directors held at its annual meeting of shareholders are set out below. On a vote by ballot, each of the following five nominees proposed by management [...]

CALGARY, ALBERTA--(Marketwired - May 13, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following first quarter operating update and budget guidance to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended March 31, 2015 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com [...]

CALGARY, ALBERTA--(Marketwired - Mar 10, 2015) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the results and analysis of its 2014 year-end independent reserve report. HIGHLIGHTS Added 6,864 mboe of Proved plus Probable ("P+P") reserves, replacing 312 per cent of 2014 total production and yielding a 30 per cent increase over 2013 (eight per cent growth per debt adjusted share). Additions [...]

CALGARY, ALBERTA--(Marketwired - Mar 10, 2015) - 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, 2014 and 2013, and 2014 Reserves [...]

CALGARY, ALBERTA--(Marketwired - Jan 20, 2015) - Gear Energy Ltd. ("Gear") (TSX:GXE) announces operational highlights for the fourth quarter of 2014 and revised capital guidance for the first half of 2015. 2014 Operational update Gear achieved record field production of approximately 7,275 boe/d in the fourth quarter of 2014. Estimated sales production for the quarter came in slightly lower at 7,000 boe/d due to rail car [...]

CALGARY, ALBERTA--(Marketwired - Nov 26, 2014) - Gear Energy Ltd. (TSX:GXE) ("Gear" or the "Company") is pleased to announce that starting today the Company will begin posting regular monthly updates to the website. Management and the Board of Directors have decided to initiate this process in order to increase the frequency of communication with shareholders by providing brief operational updates on Gear as well as [...]

CALGARY, ALBERTA--(Marketwired - Nov 11, 2014) - 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, 2014 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary [...]

CALGARY, ALBERTA--(Marketwired - Nov 11, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce the approval of a $95 to $105 million development capital budget for 2015, designed to provide approximately 20 per cent growth in production and over 15 per cent growth on a per share basis. The Board of Directors has approved a budget that targets low risk growth balanced between development [...]

CALGARY, ALBERTA--(Marketwired - Aug 12, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to provide the following second quarter operating update to shareholders. Gear's Interim Financial Statements and related Management's Discussion and Analysis (MD&A) for the period ended June 30, 2014 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary [...]