We have more information on the sale of the Duvernay land held by Gear. Final bids are to be submitted on or before June 21, 2018.
Duvernay rights amount to 6,640 contiguous acres, situated in the oil window, and really close to land owned by both Vesta Energy and Raging River Exploration.
Source: Raging River Exploration, March 2018 Corporate Presentation
The potential location of the lands of Gear are highlighted in the red circle above.
Those have the potential to be very valuable, especially for players like Vesta and Raging River. Both are already well-established in the play.
Those Duvernay rights are worth C$13M to C$20M at current market value.
Disclosure: I am long GXE. Not for republication on Seeking Alpha.