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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 pennydredfulon Feb 28, 2022 3:08pm
126 Views
Post# 34468710

RE:Financials

RE:FinancialsNew    reserve   report    requires   assets  be   written   up  re higher  energy  prices  that   were  previously  written   down   because  of low  energy prices.  .  Previously   the loss  was  run  thru   the  income statement   so   the   recovery  like wise    has  to  be.  The  company  has  no choice in the matter   as  their   auditor   forces  it,   
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