Gear Energy Ltd. announced production guidance for fourth quarter and full year 2018. For the full year, the company expects a capital budget of $58 million, targeting a balance between low risk production growth and continued expansion of future drilling inventory. The budget is forecasted to include the drilling of 41 horizontal oil wells throughout Gear's heavy and light oil asset base. For the quarter, the company estimated production growth with an average rate of approximately 8,400 boe per day. For the year, the company estimated 14% production growth with an annual average rate of 7,500 boe per day (88% liquids).