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Gear Energy Ltd (GXE.TO)

GXE.TO on Toronto Stock Exchange

0.64CAD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Gear Energy Ltd - Production For H1 2019 Is Forecast To Remain Relatively Stable, Averaging Approximately 7,300 - 7,500 BOE Per Day Through Q1 And Q2
Monday, 14 Jan 2019 

Gear Energy Ltd ::GEAR ENERGY LTD. PROVIDES FIRST HALF 2019 CAPITAL GUIDANCE.GEAR ENERGY LTD - PRODUCTION FOR H1 2019 IS FORECAST TO REMAIN RELATIVELY STABLE, AVERAGING APPROXIMATELY 7,300 - 7,500 BOE PER DAY THROUGH Q1 AND Q2.GEAR ENERGY - SEES PLANNED H1 $10 MILLION CAPITAL BUDGET WILL REQUIRE ONLY 40 TO 50 PERCENT OF ESTIMATED FUNDS FROM OPERATIONS OVER SAME PERIOD.  Full Article

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

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.