Brief: Gear Energy Announces $58 Million 2018 Growth Budget

Gear Energy

14/12/2017 21:02

Dec 14 (Reuters) - Gear Energy Ltd  GXE.TO : 
    * GEAR ENERGY LTD. ANNOUNCES $58 MILLION 2018 GROWTH BUDGET 
    * GEAR ENERGY LTD - 2018 BUDGET INCLUDES AN ESTIMATED 14 PER 
CENT 
PRODUCTION GROWTH WITH AN ANNUAL AVERAGE RATE OF 7,500 BOE PER 
DAY 
    * GEAR ENERGY LTD - 2018 BUDGET ALSO INCLUDES AN ESTIMATED 
2018 Q4 
RATE OF APPROXIMATELY 8,400 BOE PER DAY 
    * GEAR ENERGY LTD - 2018 BUDGET IS FORECASTED TO INCLUDE 
DRILLING 
OF 41 HORIZONTAL OIL WELLS THROUGHOUT GEAR'S HEAVY AND LIGHT OIL 
ASSET BASE 
 
Source text for Eikon:  ID:nCNWPmrx8a  
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