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Journey Energy Inc T.JOY

Alternate Symbol(s):  JRNGF

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

Post by geezer21on May 27, 2022 3:26pm
54 Views
Post# 34713128

Iran Seizes 2 Green Oil Tankers in Retaliation

Iran Seizes 2 Green Oil Tankers in Retaliationhttps://www.zerohedge.com/geopolitical/irgc-operatives-seizes-2-greek-tankers-persian-gulf-retaliation-us-taking-iranian-oil

Iran Seizes 2 Greek Tankers In Gulf As Retaliation For US Taking Oil

by Tyler Durden
Friday, May 27, 2022 - 12:36 PM

Iranian military operatives have seized two Greek oil tankers in the Persian Gulf on Friday. The Associated Press initially reported that the US Navy is "looking into" the reports. The tankers were boarded in international waters in the gulf, with the AP in follow-up saying that IRGC operatives now have control of the ships.

The IRGC has announced it is in possession of the seized vessels, with Bloomberg reporting, "The Guard's announcement comes as tensions remain high between Iran and the West over stalled negotiations regarding its rapidly advancing nuclear program." And more according to the AP:

The Guard issued a statement on its website, accusing the unnamed tankers of unspecified violations.

Greece’s Foreign Ministry said Iranian authorities “violently took over” the two ships in an “act of piracy.”

Delta Poseidon, via Lloyd's List

Industry monitor Lloyd's List maritime intelligence describes that its "sources confirmed that in two seemingly similar operations the suezmaxes Delta Poseidon (IMO: 9468671) and Prudent Warrior (IMO: 9753545), both under Greek flag, were approached by Iranian helicopters on Friday afternoon."

"They were both boarded by military personnel and later escorted by naval vessels from international traffic lanes to Iranian waters a few miles off the coast," the report continues.

Earlier in the day Tehran threated "punitive measures" after the United States seized a Russian flagged tanker transporting Iranian oil off Greece.

Iranian sources stated following the tanker seizure in the Mediterranean, "The Islamic Republic has decided to take punitive measures against Greece after it seized an Iranian tanker and let the US government confiscate its crude oil, Nour News, affiliated to Iran's Supreme National Security Council, reports."

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