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 [...]
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 reserves increased 66% to 39.8 MMboe, with a corresponding increase of 169% in NPV@10% to $485 million from $180.1 million in 2021. The PDP reserve life index increased to 8.3 [...]
Journey Energy Inc. is providing the following operational update. 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 key attributes of the Acquisition was the ability to fund the purchase [...]
Journey Energy Inc. is pleased to announce the closing of its transformational acquisition as well as its financial and operating results for the three and nine month periods ending September 30, 2022. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2022 and 2021 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Journey [...]
Journey Energy Inc. reports that it has updated its Corporate Presentation and has posted the presentation on its website at www.journeyenergy.ca. Alex Verge, Journey's President and CEO, will be presenting at the Peters and Company Energy Conference at 3:40 PM Eastern Standard Time on Tuesday September 13, 2022. The presentation will be webcast and a link to the recording of this presentation will be posted to Journey's [...]
Journey Energy Inc. is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2022. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2022 and 2021 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Journey announced earlier today that it had entered into a definitive agreement with [...]
Journey Energy Inc. ; is pleased to announce that it has today entered into a definitive agreement for the strategic acquisition of producing petroleum and natural gas assets in Alberta. ACQUISITION OF ASSETS Journey today entered into a definitive agreement with a senior producer for the purchase of petroleum and natural gas assets currently producing approximately 4,400 boe/d primarily in the Medicine Hat, Kaybob [...]
CALGARY, AB, May 30, 2022 /CNW/ - Journey Energy Inc. reports the voting results from its Annual General Meeting held on May 26, 2022 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 [...]
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