Scandoil  

Gear Energy announces $85 million asset acquisition and increased 2014 capital budget


Published Apr 28, 2014
[an error occurred while processing this directive]

Edit page New page Hide edit links

Gear Energy Ltd.

Gear Energy Ltd. has entered into an agreement to acquire (the "Acquisition") heavy oil assets focused near the Company's core producing areas of Wildmere, Alberta and Maidstone, Saskatchewan (the "Assets").

The Assets include over 2,000 boe per day of high working interest, operated heavy gravity crude oil production (98 percent oil).

The purchase price for the Assets is $85 million, payable in cash. The effective date of the Acquisition is March 1, 2014 and the closing of the Acquisition is expected to occur on or about May 1, 2014 (the "Closing").

Tags: Gear Energy Ltd.




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml