oil & gas assets
You have accessed this news story:

Gear Energy acquires Steppe Resources for $70MM



Feed Icon
Gear Energy ltd is adding to its core Lloydminster heavy oil and central Alberta light oil assets, acquiring privately held junior E&P Steppe Resources for $70.4 million in stock and debt. Focused on the Tableland area of southeast Saskatchewan with production from the Torquay formation, Steppe had 1,175 boe/d of June 2018 production and has projected 2H18 annualized funds from operations of $24 million assuming no drilling and strip pricing. Closing is expected in......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News
oil & gas properties for sale