Gear Energy Ltd. revised production Guidance for the third quarter, full year 2022 and first quarter of 2023. For the period, the 2022 Revised Guidance production to be 5,700 boe per day - 5,900 boe per day as compared to 2022 Previous Guidance 5,900 boe per day - 6,000 boe per day.

For the third quarter, production is expected to be approximately 5,500 boe per day in July

For the first quarter of 2023, the company expected production to be 6,400 boe per day .