Gear Energy Ltd. announced operating results for the fourth quarter and full year of fiscal 2015. For the quarter, the company announced that sales production averaged 5,015 boe/d. Production declined 400 boe/d from the previous quarter, which includes approximately 200 boe/d of oil shut-in due to weakened prices.

For the full year, the company announced that sales production averaged 5,670 boe/d.

The company provided operating and capital expenditure guidance for the first half of fiscal 2016. The production estimate has been revised to 4,150 boe/d for the first half of 2016. Capital expenditures expected to be $1 million.