Post by
Justhalffull on Aug 21, 2021 3:15pm
Acquisition
Journey completed the private co acquisition on Aug 19. Production was 9% higher (to 667boe) at 73% ng from the purchased wells. With ng prices higher, great news for JOY. Higher cash flow will pay off the AIM credit, and allow drill bits to turn in 2022 providing more production growth. This should put JaoY production for Q3 now at near 8000boe, between 40 and 45% oil, and hydro rates near record highs.b we should see a sp spike soon.