Journey reports third quarter financial results and provides update on operations and banking renewal
CALGARY, Nov. 7, 2016 - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") is pleased to announce its financial and operating results for the third quarter of 2016. The complete set of financial statements and management discussion and analysis for the three and nine month periods ended September 30, 2016 will be posted on www.sedar.com and on the Company's website www.journeyenergy.ca in due course.
HIGHLIGHTS
Achieved a production level of 8,177 boe/d (54% liquids) in the third quarter.
Closed 4 divestments and 2 acquisitions resulting in net production dispositions of approximately 915 boe/d (56% natural gas). The dispositions were low net back, non-core production. The net divestments had a positive impact on Journey's LMR value, increasing it to 2.4.
- Published: 08 November 2016
- Written by Editor