Gear has put forth a $10 mm capital budget for 1H19e with the majority (~70%) of spending directed towards drilling 2x 2-mile long light oil Torquay wells at its newly acquired Tableland property in SE Saskatchewan.
15 Jan 2019
Gear sets $10 mm budget for 1H19e, less than 50% of expected FFO to reduce debt
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Gear sets $10 mm budget for 1H19e, less than 50% of expected FFO to reduce debt
Gear Energy Ltd. (GXE:TSE) | 0 0 0.0% | Mkt Cap: 154.0m
- Published:
15 Jan 2019 -
Author:
Robert Fitzmartyn -
Pages:
5
Gear has put forth a $10 mm capital budget for 1H19e with the majority (~70%) of spending directed towards drilling 2x 2-mile long light oil Torquay wells at its newly acquired Tableland property in SE Saskatchewan.