Post by
jleer42 on Nov 07, 2023 8:04pm
Q3 Results
Q3 resuls are out, press release link is below.
Looks like both Gilby and Mazeppa power plants could be online early in 2024. 2023 ending net debt is now forecast to come in lower ($56m-$59m) than originally forecast. Diluted net income per share was $0.11 for the quarter. New wells have in, in general, come on stronger than anticipated with current production at $12.3kboe/day 54% liquids. Nice to see the liquids greater than 50%.
Overall it looks good to me, with the lack of recent news out of Joy I was anticipating negative news.
https://www.journeyenergy.ca/prelease/122605/