Current GXE:CA Stock Info

Gear Energy Ltd. (TSX: GXE) has entered into a definitive agreement for the acquisition by Gear of all of the issued and outstanding common shares of Steppe Resources Inc., a private oil and gas company. Steppe's assets are focused in the Tableland area of Southeast Saskatchewan.
Acquisition highlights

Approximate production of 1,175 BOE/d for June 2018
Estimated 2H 2018 annualized funds from operations of $24 million
netbacks of $52 per barrel for 1Q 2018
Estimated 100 future light oil locations in the Torquay

Steppe sharehol...

Legal Notice