Gear Energy Ltd. provided revised production and capital and abandonment expenditure guidance for the year 2018. For the year, the company expects annual production of 7,350 boe/d as compared to previous guidance of 7,500 boe/d. The revised 2018 budget outlook includes an increased focus on light and medium drilling opportunities, with over 40% of forecasted capital now dedicated to drilling nine light and medium oil wells, including; Wilson Creek Basal Belly River, Ferrier Cardium, Killam Lloyd and the new potential medium oil prospect. The company now expects capital and abandonment expenditures of $50 million compared to previous guidance of $58 million.