Brief: Gear Energy Ltd qtrly loss per share $0.07

Gear Energy

16/02/2017 01:13

Feb 15 (Reuters) - Gear Energy Ltd  GXE.TO  
    * Gear Energy Ltd announces fourth quarter and full year 
2016 operating results 
    * Gear Energy - in q4, an average 647,000 gear energy common 
shares traded each day compared to 157,000 common shares in q4 
2015 
    * Gear energy ltd - qtrly loss per share $0.07 
    * 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-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:  ID:nMKWXZsWTa  
    Further company coverage:  GXE.TO  
 
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