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Gear Energy Ltd (GXE.TO)

GXE.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Gear Energy Ltd Sees 2018 Annual Production Of 6,650 BOE/D-6,750 BOE/D
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Gear Energy Ltd ::GEAR ENERGY LTD. ANNOUNCES THIRD QUARTER 2018 OPERATING RESULTS.GEAR ENERGY LTD - PRODUCTION OF 6,748 BOE PER DAY FOR Q3, DOWN ABOUT 4 PERCENT FROM Q2.GEAR ENERGY LTD - SEES 2018 ANNUAL PRODUCTION 6,650 BOE/D - 6,750 BOE/D.  Full Article

Gear Energy Ltd. Announces Acquisition Of Steppe Resources Inc.
Tuesday, 24 Jul 2018 

Gear Energy Ltd ::. ANNOUNCES ACQUISITION OF STEPPE RESOURCES INC..IN AGGREGATE, TOTAL CONSIDERATION REPRESENTS A STEPPE ENTERPRISE VALUE OF $70.4 MILLION.STEPPE SHAREHOLDERS WILL RECEIVE, FOR EACH STEPPE SHARE HELD, 0.1445 GEAR COMMON SHARES.GEAR WILL ASSUME NET DEBT OF STEPPE OF APPROXIMATELY $40.9 MILLION, AFTER TAKING INTO ACCOUNT EXPECTED STEPPE TRANSACTION COSTS.GEAR ENERGY- ACQUISITION OF STEPPE INCLUDE PRODUCTION OF ABOUT 1,175 BOE/D FOR JUNE 2018, WITH ESTIMATED 2H ANNUALIZED FFO OF $24 MILLION.  Full Article

Gear Energy Announces Operational Update And 2018 Revised Outlook
Thursday, 22 Mar 2018 

March 21 (Reuters) - Gear Energy Ltd ::GEAR ENERGY LTD. ANNOUNCES OPERATIONAL UPDATE AND 2018 REVISED OUTLOOK.GEAR ENERGY LTD SEES 2018 ANNUAL PRODUCTION 7,350 BOE/D.GEAR ENERGY LTD - SEES 2018 CAPITAL AND ABANDONMENT EXPENDITURES OF $50 MILLION.  Full Article

Gear Energy Ltd. Qtrly ‍Shr $0.03​
Thursday, 22 Feb 2018 

Feb 21 (Reuters) - Gear Energy Ltd ::GEAR ENERGY LTD. ANNOUNCES FOURTH QUARTER 2017 OPERATING RESULTS.GEAR ENERGY LTD QTRLY ‍SHR $0.03​.GEAR ENERGY LTD - ‍"COMMODITY PRICES INTO EARLY 2018 HAVE CONTINUED THEIR TREND OF VOLATILITY"​.GEAR ENERGY LTD QTRLY ‍TOTAL PRODUCTION 7,090 BOE/D VERSUS 6,203 BOE/D​.GEAR ENERGY LTD QTRLY ‍SALES OF CRUDE OIL, NATURAL GAS & NATURAL GAS LIQUIDS $30 MILLION VERSUS $22.7 MILLION​.  Full Article

Gear Energy posts qtrly loss of C$2.7 mln
Thursday, 9 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 reports Q2 EPS $0.01​
Thursday, 10 Aug 2017 

Aug 9 (Reuters) - Gear Energy Ltd :Announces second quarter 2017 operating results.Qtrly ‍shr $0.01​.Qtrly total production ‍6,510​ BOE/D versus 4,536 BOE/D.Sees FY2017 ‍production 6,600​ BOE/D.‍2017 drilling program is now forecast to include a total of 34 wells (33 net)​.  Full Article

Gear Energy announces qtrly net income per weighted average diluted share $0.01
Thursday, 11 May 2017 

May 10 (Reuters) - Gear Energy Ltd :Gear Energy Ltd. announces first quarter 2017 operating results.Gear Energy Ltd qtrly net income per weighted average diluted share $0.01.Gear Energy Ltd qtrly total production 5,907 boe/d versus 4,435 boe/d.  Full Article