Journey Energy Inc.

Journey Energy Inc. announces an extension to the forbearance agreement with its banking syndicate. Journey is pleased to report that it has reached an agreement with its syndicate of lenders to extend the current forbearance agreement until July 31, 2020. Journey has been diligently working with its lenders to reach an amicable solution to the reduction in its borrowing base caused by the impact of the COVID-19 pandemic [...]

Journey Energy Inc. announces an extension to its forbearance agreement with its banking syndicate. Journey previous reported on April 24 that it entered into a forbearance agreement with its syndicate of lenders in respect of its credit facility. The forbearance agreement expired on May 29, 2020. Journey is pleased to report that it has reached an agreement with the syndicate to extend the current forbearance until June [...]

Journey Energy Inc. announces its financial results for the first quarter of 2020. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2020 and 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter are as follows: Achieved production of 9,325 boe/d in the first quarter. Liquids accounted for 4,521 [...]

Journey Energy Inc. announces that it intends to release its first quarter 2020 financial and operating results after the market close on Tuesday, May 19, 2020. Financial Statement Filing Date Extension Journey will be releasing its first quarter 2020 financial statements and management, discussion and analysis on Tuesday May 19, 2020. Journey is relying on the Alberta Securities Commission's Blanket Order 51?517 [...]

Journey Energy Inc. announces an update to its operations and credit facility. The world oil price took a sharp turn downward in mid-March with the onset of the COVID 19 pandemic and systematic shutdowns of global economies. WTI oil prices have recently declined below USD $20/bbl making several of Journey's properties uneconomic to operate at these levels. Consequently, Journey has shut-in approximately 1,500 boe/d of its [...]

Journey Energy Inc. is pleased to announce its 2019 operating and financial results. The complete set of financial statements and management discussion and analysis for the year ended December 31, 2019 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for 2019 were: The Duvernay joint venture with Kiwetinohk Resources Corporation commenced operations with the drilling of 3 wells [...]

Journey Energy Inc. is pleased to report its year-end 2019 oil and gas reserves evaluation and guidance for the first half of 2020. During 2019, the Company invested approximately $21 million in capital projects net of acquisition and divestiture activities, which were minimal in 2019. E&D activities were mainly focused at our Matziwin property where development included drilling of 7 wells and investments in [...]

Journey Energy Inc. announces its financial and operating results for the three and nine month periods ending September 30, 2019.  The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. THIRD QUARTER 2019 HIGHLIGHTS Achieved production of 9,445 boe/d in the third [...]

 Journey Energy Inc. today announced two significant financial transactions improving its balance sheet and liquidity. Non-brokered private placement Journey has entered into a non-brokered, private placement for $7.3 million of flow through common shares .  2.8 million Flow-Through Shares were issued at a price of $2.60 per share, representing a premium of 13.5% to the five day, volume weighted average price of Journey's [...]

Journey Energy Inc. announces its financial and operating results for the three and six month periods ending June 30, 2019.  The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. SECOND QUARTER 2019 HIGHLIGHTS Highlights for the second quarter and to date are as follows [...]