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Journey Energy Inc JRNGF


Primary Symbol: T.JOY

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

Comment by Justhalffullon Sep 15, 2021 12:04pm
56 Views
Post# 33862102

RE:What is more profitable with gas prices at current levels?

RE:What is more profitable with gas prices at current levels?Guess Journey would have to answer that question, although they do state in their news releases that they have that option.  Too much unknown to calculate.  How much of the Countess NG production is in fact used in the power generation facility?  What would be the transportation cost of that gas if it were sold on the markete instead of used.  What price per KWH are they presently receiving for the electricity?  What would be the cost, in both dollar and in employee retention terms, of shutting down and restarting the power generation facility.  I am sure they have their eyes and ears on it, though, with NG in the $5.50 range.
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