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Journey Energy Inc T.JOY

Alternate Symbol(s):  JRNGF

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. The Company is engaged in pursuing growth through drilling on existing core lands in Alberta, implementing water flood projects, completing accretive acquisitions, and growing its overall production and reserves base. 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. 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 > March presentation posted on website
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Post by hawkowl1on Mar 16, 2021 7:18am
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Post# 32805745

March presentation posted on website

March presentation posted on website7,700 boe/d (1) (46% liquids); 100% unhedged 16% corporate decline go forward; waterfloods and other low decline assets supports sustainability $125 million enterprise value; <$17,000 boe/d 44.0 million basic shares @ $0.80/share; $35 million market cap Forecast Funds Flow(2) of $30 to $33 million in 2021; $0.68 to $0.75 funds flow per share $62 to $65 million estimated net debt(2) at Exit 2021 ; AIMCo is the sole lender and largest shareholder Multi year drilling inventory with attractive economics in current pricing environment

sustainable growth applying new technology to legacy oil pools (journeyenergy.ca)
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