Gear Energy Ltd.

CALGARY, ALBERTA--(Marketwired - May 7, 2014) - 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, 2014 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Financial Summary [...]

Gear Energy is pleased to announce today that it has closed the acquisition of certain heavy oil assets in our core areas as previously announced on April 24, 2014 for $85 million subject to post-closing adjustments. The acquisition is consistent with Gear's strategy of acquiring underexploited, geographically focused assets and provides a material increase in low risk future drilling opportunities and Gear's team has [...]

Gear is pleased to announce today that it has entered into an agreement to acquire heavy oil assets focused near the Company's core producing areas of Wildmere, Alberta and Maidstone, Saskatchewan. The Assets include over 2,000 boe per day of high working interest, operated heavy gravity crude oil production. The purchase price for the Assets is $85 million, payable in cash.

CALGARY, ALBERTA--(Marketwired - Apr 10, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to announce that the board of directors (the "Board") of Gear has approved amendments to the Company's standard by-laws. The amendments include certain housekeeping amendments to update the by-laws to current standards, as well as the adoption of an advance notice by-law (the "Advance Notice By-law"). The [...]

Gear Energy is pleased to announce that it has closed its previously announced bought deal offering of common shares of Gear. Pursuant to the offering, the Company issued 15,875,000 Common Shares (including an upsize of 1,500,000 Common Shares from the original offering and 1,875,000 Common Shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at $4.00 per Common Share [...]

Gear Energy is pleased to announce that it has agreed with the underwriters for its bought-deal financing announced today to increase the size of the bought deal financing to 14,000,000 common shares from 12,500,000 common shares at a price of $4.00 per common share for gross proceeds of $56,000,000. The syndicate of underwriters is co-led by FirstEnergy Capital Corp. and Peters & Co. Limited and including RBC Capital [...]

Gear Energy is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp. and Peters & Co. Limited and including RBC Capital Markets Inc., GMP Securities L.P., Haywood Securities Inc. and AltaCorp. Capital Inc. (together, the "Underwriters") under which they have agreed to purchase for resale to the public, on a bought deal basis, 12,500,000 common shares [...]

CALGARY, ALBERTA--(Marketwired - Mar 4, 2014) - Gear Energy Ltd. ("Gear" or the "Company") (TSX:GXE) is pleased to present the results and analysis of its 2013 year-end independent reserve report. HIGHLIGHTS Achieved finding, development and acquisition ("FD&A") costs of $17.84 per proved plus probable ("P+P") boe, including changes in future development costs ("FDC"), which resulted in a Company recycle ratio of 1.8 [...]

CALGARY, ALBERTA--(Marketwired - Mar 4, 2014) - Gear Energy Ltd. (TSX:GXE) ("Gear" or the "Company") is pleased to provide the following fourth quarter operating update to shareholders. In conjunction with this fourth quarter release, please refer to Gear's Reserves Press Release for its 2013 year-end reserves update for more information. Gear's Annual Audited Financial Statements and related Management's Discussion and [...]

Gear Energy is pleased to announce the following operational updates: Gear achieved record production of approximately 4,600 boe/d in the fourth quarter of 2013, a significant increase from third quarter volumes of 3,940 boe/d.