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