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BRIEF-Gear Energy says To End Year With Inventories Of About 40,000 Barrels Of Heavy Oil

Published 2018-12-14, 02:24 p/m
© Reuters.  BRIEF-Gear Energy says To End Year With Inventories Of About 40,000 Barrels Of Heavy Oil
GXE
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Dec 14 (Reuters) - Gear Energy Ltd GXE.TO :

* GEAR ENERGY LTD. PROVIDES OPERATIONAL UPDATE

* GEAR ENERGY LTD - GEAR IS CURRENTLY FORECASTING TO EXIT 2018 WITH INVENTORIES OF APPROXIMATELY 40,000 BARRELS OF HEAVY OIL

* GEAR ENERGY LTD - FORECASTING TO EXIT 2018 WITH INVENTORIES OF APPROXIMATELY 10,000 BARRELS OF LIGHT OIL

* GEAR ENERGY LTD - ACTIVITIES SHOULD ASSIST IN PROVIDING A RELATIVELY STABLE PRODUCTION BASE THROUGH FIRST HALF OF 2019

* GEAR ENERGY - FIELD ACTIVITIES WILL COMMENCE IN EARLY 2019 TO RESUME PRODUCTION FROM MAJORITY OF HEAVY & LIGHT OIL WELLS THAT WERE TEMPORARILY SHUT-IN

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