Director Selling at Gear Energy (GXE)

Director Selling at Gear Energy (T:GXE)

Kevin Olson, a Director, disposed of 1,500,000 Common Shares on a control or direction basis for registered holder Clearsight Energy Fund 2 at a price of $1.100 on May 16th, 2018. This represents a $1,650,750 divestment of the company's shares and an account share holdings change of -22.9%.

Gear Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Gear Energy Ltd. is an exploration and production company with heavy and light oil production in Central Alberta and West Central Saskatchewan. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. The Company's properties include Paradise Hill, Wildmere Cummings, Wilson Creek and Hoosier. Its Paradise Hill property is a heavy oil pool northeast of Lloydminster that produces from the McLaren zone, which consists of approximately 6.5 sections of prospective land with two overlapping sandstones, which are each approximately three meters thick. Its Wildmere Cummings property is a heavy oil pool southeast and northwest of its original Wildmere Lloyd pool. Its Wilson Creek property is located in Central Alberta. The primary target zone is the regional Basal Belly River formation, which is a light oil pool that requires hydraulic fracturing. Its Hoosier property is located in southern Saskatchewan. Gear Energy Ltd. (GXE) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has divested a net amount of $1,650,750.