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Gear plans 2 Torquay wells in H1, keeps H2 on flex plan
Gear Energy plans to spend $10 million on capex in H1, putting the company on track for a sharp reduction from 2018 activity. The company said its full-year 2019 capex remained flexible and could be increased or decreased in H2, depending on commodity prices as the year advances.Of its planned H1 capex, 70% will be used to drill two 2-mile horizontal light oil Torquay wells in Tableland, southeast Saskatchewan. Another 20% will be invested......
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