Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

BRIEF-Gear Energy Provides Revised Outlook For The Second Quarter

Published 2020-04-16, 10:13 a/m
GXE
-

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* GEAR ENERGY LTD SAYS ALL PREVIOUS GUIDANCE ISSUED BY GEAR REGARDING 2020 OPERATIONS OR FINANCIAL RESULTS IS WITHDRAWN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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.