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Gear Energy Ltd. (T:GXE)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 2600-240 4 Ave SW
Tel: N/A
IR: See website
Key People
Donald T. Gray
Independent Chairman of the Board
Ingram Gillmore
President, Chief Executive Officer, Director
David Hwang
Chief Financial Officer, Vice President - Finance
Jason Kaluski
Vice President - Operations
Yvan Chretien
Vice President - Land
Bryan P. Dozzi
Vice President - Engineering
Dustin Ressler
Vice President - Exploration
Edward Brown
Corporate Secretary
Business Overview
Gear Energy Ltd. is an oil focused exploration and production company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The Company's oil-focused operations are located in three core areas: Lloydminster heavy oil, Central Alberta light/medium oil and Southeast Saskatchewan light oil. The properties within the Lloydminster heavy oil asset include Wildmere, Lindbergh, Maidstone, and Paradise Hill. The properties within Central Alberta light/medium oil asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell. The property in Southeast Saskatchewan light oil asset is Tableland.
Financial Overview
For the nine months ended 30 September 2021, GearEnergy Ltd revenues increased 6% to C$65.2M. Net incometotaled C$2.4M vs. loss of C$116.7M. Revenues reflectNatural Gas Production, Total increase of 10% to 1.1B cubicfeet, Oil Equivalent Production (Units/day), T increase of8% to 6K barrels per day, Petroleum and natural gas salesincrease of 96% to C$89.1M.
Employees: 27 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $82.43M as of Sep 30, 2021
EBITDA (TTM): $40.10M as of Sep 30, 2021
Net annual income (TTM): $41.73M as of Sep 30, 2021
Free cash flow (TTM): $18.14M as of Sep 30, 2021
Net Debt Last Fiscal Year: $37.81M as of Sep 30, 2021
Shares outstanding: 259,117,666 as of Nov 5, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization