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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. 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

Comment by Buyreallowon Mar 04, 2022 5:38pm
147 Views
Post# 34485269

RE:RE:Both JOY and Razor Energy making huge gains today

RE:RE:Both JOY and Razor Energy making huge gains todayThere is no requirement to state specifically where the money will be spent.  Flow Through Share rules require the company to spend the money on exploration.  As it is free money other than some minor dilution, they can spend it as they wish.  Obviously, they want to spend it in the most beneficial way for the company.   The expenses of that exploration are flowed through to the owners of the flow through shares.  But the company gets the benefit of discovering more oil, which is beneficial to them, and to the flow through share buyers.  Really a win, win for a company like Journey.
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