June 11, 2024 12:00 PM CT
This will be a LIVE webinar with Alex Verge, President and CEO of Journey Energy. Registration is required.
More about Journey Energy:
Journey Energy is an oil exploration and production company focused on creating long term value through the development of under-capitalized assets throughout the Western Canada Sedimentary Basin.
Journey’s transformational acquisition in the fall of 2022 significantly expanded their asset base and development runway with low decline, high free cash flow generating assets, strengthening their ability to drive shareholder returns with the ultimate goal of returning capital to shareholders over time.
Journey Energy's shares trade on the Toronto Stock Exchange under the symbol ‘JOY’, and on the OTCQX market in the U.S. under the symbol ‘JRNGF’.
June 11 Webinar hosted by Journey
June 11 Webinar hosted by Journey
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: June 11 Webinar hosted by Journey
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 (46% crude oil; 10% NGL's; 44% natural gas).
> Realized Adjusted Funds Flow of $17.7 million or $0.29 per basic share and $0.27 per diluted share.
> Closed a $38 million convertible debenture financing on March 20, 2024. The proceeds of the financing were partially utilized to retire the remaining $11 million of vendor-take-back financing and to accelerate a $12.1 million payment to AIMCo. The remainder will be used to expand Journey's 2024 capital program from $41 million to $51 million, as discussed in the March 28, 2024 press release. Guidance for 2024 remains unchanged since incremental volumes are phased in a way that will impact the exit rate but not annual averages.
> Produced 6,968 megawatt hours of electricity at Journey's power generation facility in Countess, Alberta at an average price of $117.69/MWH.
> Continued with the construction of the Gilby power generation asset. The generators have been moved into the newly constructed building.
Read more Q1 2024 details here:
https://finance.yahoo.com/news/journey-energy-inc-generates-18-232700350.html
Highlights for the first quarter and year to date are as follows:
> Generated sales volumes of 11,906 boe/d in the first quarter (46% crude oil; 10% NGL's; 44% natural gas).
> Realized Adjusted Funds Flow of $17.7 million or $0.29 per basic share and $0.27 per diluted share.
> Closed a $38 million convertible debenture financing on March 20, 2024. The proceeds of the financing were partially utilized to retire the remaining $11 million of vendor-take-back financing and to accelerate a $12.1 million payment to AIMCo. The remainder will be used to expand Journey's 2024 capital program from $41 million to $51 million, as discussed in the March 28, 2024 press release. Guidance for 2024 remains unchanged since incremental volumes are phased in a way that will impact the exit rate but not annual averages.
> Produced 6,968 megawatt hours of electricity at Journey's power generation facility in Countess, Alberta at an average price of $117.69/MWH.
> Continued with the construction of the Gilby power generation asset. The generators have been moved into the newly constructed building.
Read more Q1 2024 details here:
https://finance.yahoo.com/news/journey-energy-inc-generates-18-232700350.html
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: June 11 Webinar hosted by Journey
todays slide deck
https://www.journeyenergy.ca/wp-content/uploads/Reports/Presentations/2024_Corporate_Presentation_May-2024_Final.pdf
https://www.journeyenergy.ca/wp-content/uploads/Reports/Presentations/2024_Corporate_Presentation_May-2024_Final.pdf