Journey Energy Inc. Reviews Its Current Intiatives with Water Tower Research
Calgary, Alberta--(Newsfile Corp. - June 10, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces its participation in a fireside chat with Water Tower Research ("WTR") on Wednesday, June 11 2025 at 9:00 AM Mountain Time / 11:00 AM Eastern Time.As part of WTR's ongoing Fireside Chat Series, Jeff Robertson, Managing Director at WTR, will lead an in-depth conversation with Alex Verge, President and Chief Executive Officer of Journey Energy Inc. Included in the...
2025-06-10 7:10 PM EDT
Journey Energy Inc. Reports on Voting from the 2025 Annual Shareholders Meeting
Calgary, Alberta--(Newsfile Corp. - May 22, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below.1. Fixing the Number of Directors to be elected at the meetingOn...
2025-05-22 7:18 PM EDT
Journey Energy Inc. Generates $19.6 Million in Adjusted Funds Flow in the First Quarter of 2025
Calgary, Alberta--(Newsfile Corp. - May 8, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces its financial results for the first quarter of 2025. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2025 and 2024 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for the first quarter:Generated sales volumes of 10,997 boe/d in the first quarter (46% crude oil; 10% NGL's; 44% natural gas)....
2025-05-08 6:56 PM EDT
Journey Enters into New Relationship with a Canadian Chartered Bank to Help Accelerate Future Duvernay Development
Calgary, Alberta--(Newsfile Corp. - March 19, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has entered into a new lending relationship with a Canadian Chartered bank.Journey has secured a new credit facility with a Canadian Chartered Bank, for up to $55 million consisting of three distinct credit facilities (collectively the "New Credit Facilities"). The first facility is a $12.4 million, two-year amortizing term-loan, the proceeds of which have been used...
2025-03-19 5:03 PM EDT
Journey Posts $5.1 Million of Net Income for 2024 and $51.7 Million of Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - March 12, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2024. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2024 and 2023 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca.Highlights from 2024 are as follows:Generated net income of $5.1 million...
2025-03-12 7:22 PM EDT
Journey Energy Inc. Announces Year-End 2024 Reserves; Begins Transformation to Higher Netback Liquids
Calgary, Alberta--(Newsfile Corp. - February 24, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to report its year-end 2024 oil and gas reserves evaluation. 2024 Reserve Report Highlights:Proved developed producing reserves decreased 4% to 35.5 MMboe, with a corresponding decrease of 3% in NPV@10% to $350.3 million. The PDP reserve life index increased to 8.9 years from 8.4 years.Total proved reserves increased 1% to 50.4 MMboe, with a corresponding increase of...
2025-02-24 8:55 PM EST
Journey Energy Provides Preliminary 2025 Guidance and Term Debt Repayment Amendment
Calgary, Alberta--(Newsfile Corp. - January 29, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide preliminary guidance for 2025 with a focus on advancing development activities within the Duvernay Joint Venture.2025 CAPITAL PROGRAMOn January 6, 2025, Journey announced initial drilling results on the first 2.0 (0.71 net) wells in its Duvernay joint venture in Central Alberta. In the most recent corporate presentation Journey provided an updated type curve highlighting the economic opportunity...
2025-01-29 5:52 PM EST
Journey Energy Inc. Provides Update on Encouraging Results from Two New Duvernay Wells
Calgary, Alberta--(Newsfile Corp. - January 6, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide an update on its Duvernay Joint Venture (the "Joint Venture") operations, including the excellent initial test rates achieved by the first two wells.Duvernay Joint Venture Operational UpdateOn May 7, 2024 Journey announced its participation in a 128 section, Joint Venture in the Duvernay. Journey's current working interest in the Joint Venture is 31.38%. The partners currently control 104...
2025-01-06 7:23 PM EST
Journey Energy Posts Updated Presentation
Calgary, Alberta--(Newsfile Corp. - December 23, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces that it has posted a new corporate presentation on the Company's website at www.journeyenergy.ca. The presentation is also available at www.sedarplus.ca.Journey plans on providing 2025 guidance prior to the end of January, 2025.About the Company Journey is a Canadian exploration and production company focused on conventional, oil-weighted operations in Alberta, Canada. Journey's strategy is to grow its production base by...
2024-12-23 9:00 AM EST
Journey Announces Third Quarter 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - November 7, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and nine month periods ending September 30, 2024. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for the third quarter:Generated sales volumes of 11,152 boe/d in the third quarter (47% crude oil; 9% NGL's; 44% natural gas).
2024-11-07 7:31 PM EST
Journey Energy Provides Update on Term Debt Rescheduling and Operations
Calgary, Alberta--(Newsfile Corp. - October 10, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide an operational and activity update. Third quarter, 2024 financial results are scheduled to be released on November 7, 2024.TERM-DEBT REPAYMENT UPDATEJourney and its long-term capital provider and largest shareholder, Alberta Investment Management Corporation ("AIMCo"), have reached an agreement today to amend the repayment terms of its remaining outstanding balance. Under the existing repayment schedule, a large repayment...
2024-10-10 5:02 PM EDT
Journey Energy Inc. Announces Approval of Normal Course Issuer Bid
Calgary, Alberta--(Newsfile Corp. - August 21, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announced today that it has received approval from the Toronto Stock Exchange (the "TSX") to undertake a proposed normal course issuer bid (the "Bid") to purchase up to 4,666,445 common shares, representing approximately 10% of the public float of Journey's outstanding common shares as of August 14, 2024. Purchases under the Bid will be made through the facilities of the TSX,...
2024-08-21 5:33 PM EDT
Journey Announces Second Quarter 2024 Financial and Operating Results
Calgary, Alberta--(Newsfile Corp. - August 8, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ending June 30, 2024. The complete set of financial statements and management discussion and analysis are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for the second quarter are as follows:Generated sales volumes of 11,235 boe/d in the first quarter (45% crude oil; 9%...
2024-08-08 7:25 PM EDT
Journey Energy Inc. Reports on Voting from the 2024 Annual Shareholders Meeting
Calgary, Alberta--(Newsfile Corp. - May 23, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below.1. Fixing the Number of Directors to be elected at the...
2024-05-23 7:47 PM EDT
Journey Energy Inc. Generates $18 Million in Adjusted Funds Flow, Announces Participation in a Duvernay Joint Venture, and Continues Construction of Gilby Power Facility in the First Quarter of 2024
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces its financial results for the first quarter of 2024. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2024 and 2023 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for the first quarter and year to date are as follows:Generated sales volumes of 11,906 boe/d in the first quarter...
2024-05-09 7:27 PM EDT
Journey Energy Inc. Enters into a Joint Venture for Developing Its Joint Duvernay Lands in the West Shale Basin
Calgary, Alberta--(Newsfile Corp. - May 7, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (the "Company" or "Journey") is pleased to announce that it has entered into an agreement with Spartan Delta Corp. ("Spartan") to jointly develop a block of land in the west shale basin of the Duvernay oil and liquids fairway.The Joint Venture (the "JV") block of land covers 128 sections in the oil window of the Duvernay where shale thickness is approximately 30-40 meters. The initial...
2024-05-07 8:15 PM EDT
Journey Energy Provides Updated 2024 Guidance
Calgary, Alberta--(Newsfile Corp. - March 28, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to provide updated guidance for 2024 with a focus on advancing its power business, and improving long-term sustainability.2024 CAPITAL PROGRAMUpon closing the previously announced convertible debenture financing on March 20, 2024, Journey used a portion of the net proceeds of $36.6 million to retire the remaining vendor-take-back debt of $11.0 million and has also repaid AIMCo $12.7 million of...
2024-03-28 6:04 PM EDT
Journey Energy Inc. Announces Closing of $38 Million "Bought Deal" Private Placement of Convertible Debentures
Calgary, Alberta--(Newsfile Corp. - March 20, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) (the "Company" or "Journey") is pleased to announce that it has closed the previously announced convertible debenture financing lead by Echelon Wealth Partners Inc. (the "Underwriter") pursuant to which 38,000 senior unsecured convertible debentures of the Company (the "Convertible Debentures", each a "Convertible Debenture") at a price of $1,000 per Convertible Debenture were issued for total gross proceeds of $38,000,000 (the "Offering"). Each Convertible Debenture...
2024-03-20 4:01 PM EDT
Journey Posts $15.8 Million of Net Income for 2023 and $66.1 Million of Adjusted Funds Flow
Calgary, Alberta--(Newsfile Corp. - March 12, 2024) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce its financial and operating results for the three and twelve month periods ending December 31, 2023. The complete set of financial statements and management discussion and analysis for the periods ended December 31, 2023 and 2022 are posted on www.sedarplus.ca and on the Company's website www.journeyenergy.ca.Highlights for 2023 are as follows:Generated net income of $15.8 million...
2024-03-12 5:16 PM EDT