Journey Energy ( TSE:JOY ) First Quarter 2024 Results Key Financial Results Revenue: CA$43.9m (down 9.3% from 1Q 2023...
Key Insights The projected fair value for Journey Energy is CA$3.38 based on 2 Stage Free Cash Flow to Equity With...
CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company”) is pleased to report its year-end 2023 oil and gas reserves evaluation. 2023 Reserve Report Highlights: Proved developed producing reserves decreased 7% to 36.9 MMboe, with a corresponding decrease of 25% in NPV@10% to $361.9 million ($368.4 million including the Countess Power Project (“CPP”)). The PDP reserve life index increased to 8.4 years from 8.3 years.Proved reserves decreased