Journey Energy Inc. Enters into a Joint Venture for Developing Its Joint Duvernay Lands in the West Shale Basin
Calgary, Alberta--(Newsfile Corp. - May 7, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (the "Company" or "Journey") is pleased to announce that it has entered into an agreement with Spartan Delta Corp. ("Spartan") to jointly develop a block of land in the west shale basin of the Duvernay oil and liquids fairway.The Joint Venture (the "JV") block of land covers 128 sections in the oil window of the Duvernay where shale thickness is approximately 30-40 meters. The initial...
2024-05-07 8:15 PM EDT
Journey Energy Provides Updated 2024 Guidance
Calgary, Alberta--(Newsfile Corp. - March 28, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide updated guidance for 2024 with a focus on advancing its power business, and improving long-term sustainability.2024 CAPITAL PROGRAMUpon closing the previously announced convertible debenture financing on March 20, 2024, Journey used a portion of the net proceeds of $36.6 million to retire the remaining vendor-take-back debt of $11.0 million and...
2024-03-28 6:04 PM EDT
Journey Energy Inc. Announces Closing of $38 Million "Bought Deal" Private Placement of Convertible Debentures
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (the "Company" or "Journey") is pleased to announce that it has closed the previously announced convertible debenture financing lead by Echelon Wealth Partners Inc. (the "Underwriter") pursuant to which 38,000 senior unsecured convertible debentures of the Company (the "Convertible Debentures", each a "Convertible Debenture") at a price of $1,000 per Convertible Debenture were issued for total...
2024-03-20 4:01 PM EDT
Journey Posts $15.8 Million of Net Income for 2023 and $66.1 Million of Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - March 12, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2023. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2023 and 2022 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for 2023 are as...
2024-03-12 5:16 PM EDT