Journey Energy Inc.

 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 [...]

Journey Energy Inc. is pleased to provide an update on our Joint Venture with Kiwetinohk Resources Corp. in the East Duvernay, including the encouraging test rates achieved by the first three wells. East Duvernay Joint Venture Operational Update Since entering into the Joint Venture arrangement on August 29th, 2018, Kiwetinohk and Journey have been actively advancing the development of the East Duvernay property [...]

EnerCom's 24th The Oil & Gas Conference® brings top public and private E&Ps, a European supermajor, a national oil company, and oilfield service and royalty companies to Denver, Aug. 11-14, 2019 Don't miss Continental Resources Chairman and CEO Harold Hamm's fireside chat on the future of the oil and gas industry One of the largest independent upstream oil and gas-focused investor conferences—The Oil & Gas [...]

Journey Energy Inc. reports the voting results from its Annual General Meeting held on June 13, 2019. 1. Fixing the Number of Directors to be elected at the meeting On a vote by a show of hands, the number of directors of the Corporation to be elected at the Meeting was fixed at six members. The number in respect of the vote is based on the proxies received. Votes For % For Votes Against % Against 21,194,305 100 - 0.00 2 [...]

Journey Energy Inc. announces today that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from the current amount of $100 million to $90 million. The new facility is comprised of a $75 million syndicated revolving term credit facility and a $15 million working capital facility. The reduction in the facility was the result of several [...]

Journey Energy Inc. is pleased to announce its financial results for the first quarter of 2019.  The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2019 and 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter and year-to-date are as follows: Achieved a production level of 9,330 boe/d in the first [...]

Journey Energy Inc. is pleased to provide an update on our Joint Venture with Kiwetinohk Resources Corp. in the East Duvernay, including the encouraging test rates achieved by the first two commitment wells. East Duvernay Joint Venture Operational Update Since entering into the Joint Venture arrangement on August 29th, 2018, Kiwetinohk and Journey have been actively advancing the development of the East Duvernay property [...]

Journey Energy Inc. is pleased to announce its 2018 financial results.  The complete set of financial statements and management discussion and analysis for the year ended December 31, 2018 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for 2018 were: Early in 2018, Journey entered into strategic acquisition agreements increasing Journey's Duvernay undeveloped land position in the [...]

Journey Energy Inc. is pleased to report its year-end 2018 oil and gas reserves evaluation.  During 2018, the Company invested approximately $27 million in capital projects net of acquisition and divestiture activities. Exploration and development activities accounted for approximately $32 million while A&D activities resulted in net proceeds of approximately $5 million. E&D activities included drilling and waterflood [...]