Brief: Gear Energy Provides Revised Outlook For The Second Quarter

Gear Energy

16/04/2020 15:13

April 16 (Reuters) - Gear Energy Ltd  GXE.TO :
    * GEAR ENERGY LTD. PROVIDES REVISED OUTLOOK FOR THE SECOND
QUARTER
    * GEAR ENERGY LTD SAYS AVERAGE AND EXIT PRODUCTION FOR Q1 OF
2020
IS ESTIMATED TO BE APPROXIMATELY 6,700 BOE PER DAY
    * GEAR ENERGY - APRIL SALES PRODUCTION ESTIMATED TO BE ABOUT
3,600
BOE PER DAY, MAY PRODUCTION ESTIMATED TO BE ABOUT 800 BOE PER
DAY
    * GEAR ENERGY LTD SAYS ALL PREVIOUS GUIDANCE ISSUED BY GEAR
REGARDING 2020 OPERATIONS OR FINANCIAL RESULTS IS WITHDRAWN
    * GEAR ENERGY LTD - IMPLEMENTED 20% REDUCTION IN SALARIES OF
ALL
PERMANENT EMPLOYEES AND IN DIRECTORS' FEES FOR NON-MANAGEMENT
DIRECTORS

Source text for Eikon:  ID:nCNWlQ9yWa 
Further company coverage:  GXE.TO 

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