Gear Energy Ltd (TSE:GXE) has released an update.
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Gear Energy Ltd. has released its first quarter operating results for 2024, showing a moderate increase in funds from operations compared to the previous year and a positive net income after a loss in the last quarter of 2023. Production has seen a slight decline, but the company has achieved a higher operating netback per barrel of oil equivalent (boe). Additionally, Gear Energy announced a leadership change with Kevin Johnson appointed as the new President and CEO.
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