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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 05, 2022 3:07am
157 Views
Post# 34485987

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

RE:RE:RE:RE:Both JOY and Razor Energy making huge gains todayI do not understand what your concern is about the reason for issuing the shares is.  Flow through shares are all covered by Cdn tax rules.  The funds raised MUST be used for exploration or development expenses within 24 months, and the expenses renounced (passed through) to the original subscriber  In 2020 this was extended to 36 months due to the pandemic.  So it is obvious what the money will be used for.  To explore and develop oil and gas.  
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