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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 > Greece electricty price wholesale 176 USD/MWh!
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Comment by Justhalffullon Sep 21, 2021 1:25pm
84 Views
Post# 33892832

RE:Greece electricty price wholesale 176 USD/MWh!

RE:Greece electricty price wholesale 176 USD/MWh!

Power generation earns double the revenue of direct nat gas sales.
I'll give you the numbers, you do the math.
gas used in power gen.    695 mcf/d Times 91 days = 63245 mcf. That's about 10500 boe at 6:1
power generated.  6831 total mw
Avg price per mw.  $123
avg realized price per boe Q2.  $39.23
worth noting that power plant operated at just 68% cap until June when it was maxed out.
NG prices have risen a lot since June, but so too have electrical prices.  

seems the power generation is here to stay.  $1,000,000 per Qtrh revenue Minimum
 

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