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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

Post by jleer42on Nov 07, 2023 8:04pm
322 Views
Post# 35722663

Q3 Results

Q3 ResultsQ3 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/
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