Brief: Gear Energy Ltd Q4loss per share $0.07

Gear Energy

15/02/2017 21:37

Feb 15 (Reuters) - Gear Energy Ltd  GXE.TO  
    * Gear Energy Ltd announces fourth quarter and full year 
2016 operating results 
    * Gear Energy Ltd - qtrly loss per share $0.07 
    * Qtrly average daily volume 647,000 versus 157,000 
    * Gear Energy Ltd - approximately nine more wells are 
planned to be drilled in Q1 
    * Gear Energy Ltd - total of 37 net wells are planned for 
full year 2017 
    * Gear energy Ltd - full $45 million development capital 
program is forecast to be funded solely through generated cash 
flow from operations for 2017 
    * Gear Energy Ltd qtrly operating production total 6,203 
boe/d versus  5,015 boe/d 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCCN1ZZxdR 
Further company coverage:  GXE.TO  
 
 ((bangalore.newsroom@thomsonreuters.com;))