Brief: Gear Energy announces operations update and 2017 budget

Gear Energy

13/12/2016 21:24

Dec 13 (Reuters) - Gear Energy Ltd  GXE.TO  
    * Gear Energy Ltd - Q4 production is now expected to be 
approximately 6,000 boe per day 
    * Gear Energy Ltd- 2017 capital budget of $45 million 
    * Gear Energy Ltd -  Extended maturity date of credit 
facilities from May 31, 2017 to may 31, 2018 and confirmed an 
unchanged borrowing base of $50 million 
    * Sees FY 2017 annual production 6,400 boe per day 
    * Gear Energy Ltd. announces operations update and 2017 
budget 
 
Source text for Eikon:  ID:nCCNb1D08q  
Further company coverage:  GXE.TO  
 
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