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Journey Energy Inc JRNGF


Primary Symbol: T.JOY

Energy Oil & Gas E&P
Journey Energy Inc. is a Canada-based exploration and production company focused on conventional, oil-weighted operations in western Canada. The Company is engaged in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its strategy is to grow its production base by drilling on its existing core lands, implementing water flood projects, executing on accretive acquisitions. The Company seeks to optimize its oil pools on existing lands through the application of practices in horizontal drilling and, where feasible, with water floods. It offers horizontal, multi-frac drilling and secondary recovery methods. Its areas of operation are along a resource, Fairway, which consists of the Central Alberta and South Alberta. Its Central Alberta includes Gilby-Duvernay, Crystal, Cherhil, Kaybob, Ferrier, and Ante Creek Waterflood. Its South Alberta includes Matziwin, Skiff, Herronto, and Medicine Hat EOR.


TSX:JOY - Post by User

Journey Energy Inc
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Post by hawkowl1on May 09, 2021 10:24am
129 Views
Post# 33161643

Q1 .20 cents per share cash flow.

Q1 .20 cents per share cash flow.

A lot of information on Sedar. Updated presentation coming soon.

Power plant revenue $652,000 for quarter .Operated at .68% of capacity. On going tweaking of system. 
 

4 megawatt plant can be increased 50% for only $180,000.

So figure around $1 million per month of revenue from this asset.
But how much does it cost to operate?

Gas Turbines Have Become by Far the Best Choice for Add-on Generating Power - IEEE Spectrum

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