There were no surprises within Gear’s fourth quarter financial and operations disclosures with production and cash flow markers in line with our estimates. Production was pre-released in early February concurrent with the Company’s 2016 guidance. Year-end 2015 reserves were down year-over-year as additions were more than offset by negative technical and economic revisions. An important aspect of this is that the majority of economic factor revisions were an outcome of discretionary shut-ins by G ....
22 Feb 2016
Gear Energy Reports 4Q15 and Year-End Financials, Year-over- Year Reserve Reduction
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Gear Energy Reports 4Q15 and Year-End Financials, Year-over- Year Reserve Reduction
Gear Energy Ltd. (GXE:TSE) | 0 0 0.0% | Mkt Cap: 154.0m
- Published:
22 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
8
There were no surprises within Gear’s fourth quarter financial and operations disclosures with production and cash flow markers in line with our estimates. Production was pre-released in early February concurrent with the Company’s 2016 guidance. Year-end 2015 reserves were down year-over-year as additions were more than offset by negative technical and economic revisions. An important aspect of this is that the majority of economic factor revisions were an outcome of discretionary shut-ins by G ....