Journey Energy Inc. reports that it has closed the previously announced private company acquisition. The acquisition price was paid via the issuance of 1.75 million Journey shares plus $8.0 million of cash. Production from PrivateCo's producing wells the period March 13-26 was approximately 660 boe/d . The new Ellerslie horizontal well drilled by PrivateCo in the first quarter has now been connected to PrivateCo's [...]
Journey Energy Inc. reports that it has today entered into two definitive agreements, one for the acquisition of a private company, and the other for the acquisition of plant and gathering infrastructure. Both acquisitions are located in Journey's Central Core Region. PRIVATE COMPANY ACQUISITION Journey today entered into a definitive agreement to purchase a private company producing approximately 625 boe/d from a large [...]
CALGARY, AB, March 18, 2022 /CNW/ - Journey Energy Inc. is pleased to announce it has closed the bought deal flow-through share financing that was previously announced on February 28, 2022. The full 15% over-allotment was exercised bringing the total equity issuance to 2,852,000 flow-through common shares at a price of $4.25 per share for total gross proceeds of $12,121,000. Acumen Capital Finance Partners Limited acted [...]
Journey Energy Inc. ; is pleased to announce its operating and financial results. The complete set of financial statements and management discussion and analysis for the year ended December 31, 2021 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for 2021 and 2022 to date are as follows: Generated $99.1 million of net income for 2021 or $2.18 per basic, weighted average share [...]
Journey Energy Inc. announces that it has entered into an agreement with Acumen Capital Finance Partners Limited , pursuant to which Acumen has agreed to purchase, on a "bought deal" basis, 2,480,000 common shares of Journey to be issued as "flow-through shares" with respect to "Canadian development expenses" within the meaning of the Income Tax Act and the regulations thereunder in force as of the date hereof at a price [...]
Journey Energy Inc. is pleased to report its year-end 2021 oil and gas reserves evaluation. These results highlight another excellent year in the Company's transition following our restructuring in October 2020. 2021 Reserve Report Highlights: Proved developed producing reserves increased 20% to 24.0 MMboe, with a corresponding increase of 133% in NPV@10% to $180.1 million ) from $77.2 million in 2020. The PDP reserve [...]
Journey Energy Inc. announces its financial and operating results for the three and nine month periods ending September 30, 2021. The complete set of financial statements and management discussion and analysis for the periods ended September 30, 2021 and 2020 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the third quarter and year to date for 2021 are as follows: Generated [...]
CALGARY, AB, Aug. 19, 2021 /CNW/ - Journey Energy Inc. reports that it has closed the previously announced private company acquisition. The acquisition price was paid via the issuance of 3.5 million Journey shares plus $2.9 million of cash. The shareholders of PrivateCo voted overwhelmingly in favor of the Journey acquisition with 92% of the votes cast approving the deal. Production from PrivateCo's producing wells for [...]
Journey Energy Inc. announces its financial and operating results for the three and six month periods ending June 30, 2021. The complete set of financial statements and management discussion and analysis for the periods ended June 30, 2021 and 2020 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. 2021 YEAR TO DATE HIGHLIGHTS Highlights for the second quarter and year to date are as follows [...]
Journey Energy Inc. reports that it has today entered into a definitive agreement for the acquisition of a private company. ACQUISITION OF PRIVATE COMPANY Journey today entered into a definitive agreement to purchase a private company producing approximately 610 boe/d primarily in the Nordegg and Grande Cache areas of Alberta. The acquisition price will be paid for through the issuance of 3.5 million Journey shares plus [...]
Journey Energy Inc. reports the voting results from its Annual General Meeting held on May 26, 2021 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 meeting On a vote by proxy, the [...]
Journey Energy Inc. announces its financial results for the first quarter of 2021. The complete set of financial statements and management discussion and analysis for the periods ended March 31, 2021 and 2020 are posted on www.sedar.com and on the Company's website www.journeyenergy.ca. Highlights for the first quarter are as follows: Produced 7,577 boe/d with 54% coming from natural gas production; 38% from crude oil and [...]
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