Brief: Gear Energy Ltd Announces Extension Of Borrowing Base Redetermination

Gear Energy

01/07/2020 01:12

June 30 (Reuters) - Gear Energy Ltd  GXE.TO :
    * GEAR ENERGY LTD. ANNOUNCES OPERATIONAL UPDATE, GUIDANCE
FOR 2020
AND EXTENSION OF BORROWING BASE REDETERMINATION
    * GEAR ENERGY - CURRENT ESTIMATES FOR JUNE PRODUCTION TO BE
ABOUT
3,700 BOE/D, JULY TO BE ABOUT 5,000 BOE/D AND AUGUST TO BE ABOUT
6,000 BOE/D
    * GEAR ENERGY - PRODUCTION IS EXPECTED TO DECLINE SLIGHTLY
THROUGH
TO DECEMBER, PROVIDING ANNUAL AVERAGE OF 5,200 - 5,300 BOE/D

Source text for Eikon:  ID:nCNWKPCkCa 
Further company coverage:  GXE.TO 

 (Reuters.Briefs@thomsonreuters.com)