INK Edge Highlights
Gear Energy (T:GXE) has notable insider buying
Chart shows all insider (exclusing issuers) public market transactions of directly and indirectly held equity securities as reported in SEDI
Published Monday Dec 05, 2016 12:00 AM EDT
Don Gray, a Director and 10% Holder executive, acquired 42,845 Common Shares on a direct ownership basis at a price of $0.820 through a private transaction on December 1st, 2016. This represents a $35,133 investment into the company's shares and an account share holdings change of 1.9%.Gear Energy Ltd. is a junior oil and gas company engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin, with a focus on heavy oil. The Company's oil and gas properties are located in Alberta, British Columbia and Saskatchewan. Its properties include Wildmere Lloyd and Maidstone. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6 W4, and is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 32,420 gross acres of lands. The Maidstone property is located within Township 47 and Ranges 22 and 23 W3, and is approximately 60 kilometers southeast of Lloydminster Alberta. It consists of over 3,480 gross acres of land. It has holdings in east central Alberta and west central Saskatchewan. The Company has drilled approximately 10 gross wells in Morgan, Alberta and Paradise Hill, Saskatchewan.
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