Journey Energy Inc. reports that it's previously announced disposition of its Countess area assets has been mutually deferred with the purchaser to a new closing date of February 1, 2021. The assets include Journey's newly commissioned 4.2 megawatt power generation facility, as well as all wells and ancillary facilities in the Countess area. An additional deposit has been received from the purchaser in escrow, and an [...]
Journey Energy Inc. announces its financial and operating results for the three and nine month periods ending September 30, 2020. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. 2020 Achieved production of 8,311 boe/d in the third quarter. Liquids accounted for [...]
Journey Energy Inc. is pleased to announce that it has entered into definitive agreements for the sale of assets in both its Countess area ; and also producing assets in its Telfordville area. Total proceeds from these asset sales of approximately $15 million before closing adjustments, will be used to retire indebtedness associated with new term loans advanced from the Alberta Investment Management Corporation on October [...]
Journey Energy Inc. is very pleased to announce the closing of an agreement for the settlement of its syndicated bank borrowings. Journey has secured a $38 million term-debt facility from its major shareholder, Alberta Investment Management Corporation , to fund the settlement of its $75 million credit facility with its syndicate of first-lien lenders. In addition to the initial $38 million payment to the banking [...]
Journey Energy Inc. announces a further extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until October 30, 2020 to enable the Company and its lending syndicate to continue discussions regarding the repayment of outstanding bank borrowings. The company will issue another update on or [...]
Journey Energy Inc. announces a further extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until October 13, 2020 to allow discussions with the lending syndicate to continue regarding the outstanding bank debt. The extension of the forbearance period will allow Journey and the syndicate [...]
Journey Energy Inc. announces a further extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 30, 2020. Journey and its lending syndicate continue to be in discussions regarding the outstanding bank debt. This extension of the forbearance period will allow Journey and the [...]
Journey Energy Inc. announces an extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 11, 2020. Journey and its lending syndicate continue to be in discussions regarding the outstanding bank debt. This extension of the forbearance period will allow Journey and the syndicate [...]
Journey Energy Inc. announces an extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance agreement until September 2, 2020. Journey and its lending syndicate continue to be in regarding its bank borrowings. This extension of the forbearance period will allow Journey additional time to keep pursuing a [...]
Journey Energy Inc. reports the voting results from its Annual General Meeting held on August 12, 2020 pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations. 1. Fixing the Number of Directors to be elected at the meeting On a vote by proxy, the number of directors of the Company to be elected at the Meeting was fixed at five members. The number in respect of the vote is based on the [...]
Journey Energy Inc. announces an extension to the forbearance agreement with its banking syndicate. Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance agreement until August 19, 2020. Journey and its lending syndicate continue to discuss the best path forward to deal with the repayment of its bank borrowings. This extension of the forbearance period will allow [...]
Journey Energy Inc. announces its financial and operating results for the three and six month periods ending June 30, 2020. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2020 HIGHLIGHTS Highlights for the second quarter are as follows: Achieved [...]
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