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 > .84 cents annualized cash flow based on .21 Q2

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Post by hawkowl1on Aug 11, 2021 9:15am

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Post# 33684011

.84 cents annualized cash flow based on .21 Q2

Trading at $1.26 .

Results do not include $800,000 in cash and 610 boe of production from Private Company acquisition which will close soon.

Countess Power plant had revenues of $867540 in quarter .Annualized almost $3.5 million with plans to increase capactity 50%.

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Two micro-cap stocks with strong fundamentals