Journey Energy Inc. announces that it has posted a new corporate presentation on the Company's website at www.journeyenergy.ca. The presentation is also available at www.sedarplus.ca. Journey plans on providing 2025 guidance prior to the end of January, 2025. About the Company Journey is a Canadian exploration and production company focused on conventional, oil-weighted operations in Alberta, Canada. Journey's strategy is [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2024. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca. Highlights for the third quarter: Generated sales volumes of 11,152 boe/d in the third quarter . Realized Adjusted Funds [...]
Journey Energy Inc. is pleased to provide an operational and activity update. Third quarter, 2024 financial results are scheduled to be released on November 7, 2024. TERM-DEBT REPAYMENT UPDATE Journey and its long-term capital provider and largest shareholder, Alberta Investment Management Corporation , have reached an agreement today to amend the repayment terms of its remaining outstanding balance. Under the existing [...]
Journey Energy Inc. announced today that it has received approval from the Toronto Stock Exchange to undertake a proposed normal course issuer bid to purchase up to 4,666,445 common shares, representing approximately 10% of the public float of Journey's outstanding common shares as of August 14, 2024. Purchases under the Bid will be made through the facilities of the TSX, alternative trading platforms in Canada and at [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2024. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca. Highlights for the second quarter are as follows: Generated sales volumes of 11,235 boe/d in the first quarter Realized [...]
Journey Energy Inc. announces the voting results from its Annual General Meeting held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below. 1. Fixing the Number of Directors to be elected at the meeting On a vote by proxy, the number of [...]
Journey Energy Inc. announces its financial results for the first quarter of 2024. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2024 and 2023 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and year to date are as follows: Generated sales volumes of 11,906 boe/d in the first quarter [...]
Journey Energy Inc. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to jointly develop a block of land in the west shale basin of the Duvernay oil and liquids fairway. The Joint Venture block of land covers 128 sections in the oil window of the Duvernay where shale thickness is approximately 30-40 meters. The initial working interests for the JV are Spartan 62.5% and Journey 37.5 [...]
Journey Energy Inc. is pleased to provide updated guidance for 2024 with a focus on advancing its power business, and improving long-term sustainability. 2024 CAPITAL PROGRAM Upon closing the previously announced convertible debenture financing on March 20, 2024, Journey used a portion of the net proceeds of $36.6 million to retire the remaining vendor-take-back debt of $11.0 million and has also repaid AIMCo $12.7 [...]
Journey Energy Inc. is pleased to announce that it has closed the previously announced convertible debenture financing lead by Echelon Wealth Partners Inc. pursuant to which 38,000 senior unsecured convertible debentures of the Company at a price of $1,000 per Convertible Debenture were issued for total gross proceeds of $38,000,000 . Each Convertible Debenture shall be convertible into common shares of the Company at a [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2023. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2023 and 2022 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca. Highlights for 2023 are as follows: Generated net income of $15.8 [...]
Journey Energy Inc. is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. pursuant to which the Underwriter has agreed to purchase, on a bought deal, private placement basis, 38,000 senior unsecured convertible debentures of the Company at a price of $1,000 per Convertible Debenture for total gross proceeds of $38,000,000 . The Offering is to be led by a group of strategic U.S [...]
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