Journey Energy Inc. is pleased to report its year-end 2023 oil and gas reserves evaluation. 2023 Reserve Report Highlights: Proved developed producing reserves decreased 7% to 36.9 MMboe, with a corresponding decrease of 25% in NPV@10% to $361.9 million ). The PDP reserve life index increased to 8.4 years from 8.3 years. Proved reserves decreased 2% to 50.0 MMboe, with a corresponding decrease of 17% in NPV@10% to $504.1 [...]
Journey Energy Inc. is pleased to provide an update on a highly successful 2023 capital program. The program results exceeded expectations and have resulted in Journey exceeding its last guidance. Journey is also pleased to provide preliminary guidance for 2024 with a focus on eliminating over 80% of remaining indebtedness, advancing its power business, and improving long term sustainability. 2023 CAPITAL HIGHLIGHTS [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2023. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2023 and 2022 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. 2023 YEAR-TO-DATE HIGHLIGHTS Increased daily sales volumes by 24% to [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2023. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2023 and 2022 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2023 HIGHLIGHTS Increased daily sales volumes by 29% to 12,400 boe/d [...]
CALGARY, AB, May 24, 2023 /CNW/ - 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 [...]
Journey Energy Inc. announces its financial results for the first quarter of 2023. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2023 and 2022 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter, and to-date are as follows: Generated sales volumes of 12,920 boe/d in the first quarter . All of [...]
Journey Energy Inc. is providing preliminary guidance for 2023, following the closing of its flow through share issuance on March 23, 2023. This update is accompanied by an updated Corporate Presentation posted on the Company's website at www.journeyenergy.ca. On July 28, 2022 Journey announced its intention to enter into a significant transformative acquisition . This acquisition closed on October 31, 2022. One of the [...]
Journey Energy Inc. is pleased to announce it has closed the bought deal flow-through share financing that was previously announced on March 1, 2023. The full 15% over-allotment was exercised bringing the total equity issuance to 3,040,031 flow-through common shares at a price of $6.62 per share for total gross proceeds of $20,125,005. The financing was successfully concluded by Journey's syndicate of underwriters, which [...]
Journey Energy Inc. is pleased to announce its operating and financial results. The complete set of financial statements and management discussion and analysis for the years ended December 31, 2022 and 2021 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for 2022 are as follows: Generated net income of $97.8 million in the fourth quarter of 2022 and $155.2 million for the entire [...]
Journey Energy Inc. is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters, led by Stifel FirstEnergy , to increase the size of its previously announced "bought deal" public offering of "flow-through shares" with respect to "Canadian development expenses" within the meaning of the Income Tax Act and the regulations thereunder in force as of the date hereof . Journey [...]
Journey Energy Inc. is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by Stifel FirstEnergy , pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 2,265,861 common shares of Journey to be issued as "flow-through shares" with respect to "Canadian development expenses" within the meaning of the Income Tax Act and the regulations thereunder in [...]
The press release initially issued on February 22, 2023 is herein revised to incorporate additional proved, developed producing reserves tables for enhanced reader information Journey Energy Inc. is pleased to report its year-end 2022 oil and gas reserves evaluation. These results highlight another excellent year of value creation and prudent capital allocation. 2022 Reserve Report Highlights: Proved developed producing [...]
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