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Gear Energy Ltd (GXE.TO)

GXE.TO on Toronto Stock Exchange

0.61CAD
14 Dec 2018
Change (% chg)

$-0.02 (-3.17%)
Prev Close
$0.63
Open
$0.65
Day's High
$0.65
Day's Low
$0.60
Volume
509,600
Avg. Vol
306,551
52-wk High
$1.47
52-wk Low
$0.52

Latest Key Developments (Source: Significant Developments)

Gear Energy says To End Year With Inventories Of About 40,000 Barrels Of Heavy Oil
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Gear Energy Ltd ::GEAR ENERGY LTD. PROVIDES OPERATIONAL UPDATE.GEAR ENERGY LTD - GEAR IS CURRENTLY FORECASTING TO EXIT 2018 WITH INVENTORIES OF APPROXIMATELY 40,000 BARRELS OF HEAVY OIL.GEAR ENERGY LTD - FORECASTING TO EXIT 2018 WITH INVENTORIES OF APPROXIMATELY 10,000 BARRELS OF LIGHT OIL.GEAR ENERGY LTD - ACTIVITIES SHOULD ASSIST IN PROVIDING A RELATIVELY STABLE PRODUCTION BASE THROUGH FIRST HALF OF 2019.GEAR ENERGY - FIELD ACTIVITIES WILL COMMENCE IN EARLY 2019 TO RESUME PRODUCTION FROM MAJORITY OF HEAVY & LIGHT OIL WELLS THAT WERE TEMPORARILY SHUT-IN.  Full Article

Gear Energy Reports Qtrly Net Loss Per Weighted Average Diluted Share $0.02
Wednesday, 9 May 2018 

May 9 (Reuters) - Gear Energy Ltd ::GEAR ENERGY LTD. ANNOUNCES FIRST QUARTER 2018 OPERATING RESULTS.DURING Q1 OF 2018, GEAR EXPERIENCED TEMPORARY LIMITATIONS IN ITS ABILITY TO SHIP OIL TO MARKET.QTRLY FUNDS FROM OPERATIONS PER WEIGHTED AVERAGE DILUTED SHARE $0.04.QTRLY NET LOSS PER WEIGHTED AVERAGE DILUTED SHARE $0.02.QTRLY TOTAL PRODUCTION OF 6,522 BOE/D VERSUS 5,907 BOE/D.CURRENT EXPECTATIONS ARE THAT Q2 SALES PRODUCTION SHOULD AGAIN BE IN EXCESS OF 7,000 BOE PER DAY.  Full Article

Gear Energy posts qtrly loss of C$2.7 mln
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Gear Energy Ltd :Gear energy ltd. announces third quarter 2017 operating results.Qtrly total production 6,525 BOE/D versus 5,420 BOE/D‍​.Qtrly net loss C$2.7 million versus C$2.5 mln‍​.  Full Article

Gear Energy Ltd qtrly loss per share $0.07
Thursday, 16 Feb 2017 

Gear Energy Ltd : Gear Energy Ltd announces fourth quarter and full year 2016 operating results . Gear Energy - in q4, an average 647,000 gear energy common shares traded each day compared to 157,000 common shares in q4 2015 . Gear energy ltd - qtrly loss per share $0.07 . Gear energy ltd - approximately nine more wells are planned to be drilled in q1 . Gear energy ltd - total of 37 net wells are planned for full year 2017 . Gear energy-full $45 million development capital program is forecast to be funded solely through generated cash flow from operations for 2017 .Gear energy ltd qtrly operating production total 6,203 boe/d versus 5,015 boe/d.  Full Article

Gear Energy Ltd Q4loss per share $0.07
Wednesday, 15 Feb 2017 

Gear Energy Ltd : Gear Energy Ltd announces fourth quarter and full year 2016 operating results . Gear Energy Ltd - qtrly loss per share $0.07 . Qtrly average daily volume 647,000 versus 157,000 . Gear Energy Ltd - approximately nine more wells are planned to be drilled in Q1 . Gear Energy Ltd - total of 37 net wells are planned for full year 2017 . Gear energy Ltd - full $45 million development capital program is forecast to be funded solely through generated cash flow from operations for 2017 .Gear Energy Ltd qtrly operating production total 6,203 boe/d versus 5,015 boe/d.  Full Article

UPDATE 1-Clogged pipelines cut Canada's oil price, small producers shift strategy

WINNIPEG, Manitoba, Oct 4 Small Canadian oil producers are striking complex deals with refineries, diversifying production and seeking marketing help as they try to soften the blow from record price discounts on heavy crude generated by pipeline congestion.