Brief: Journey Energy Announces Repurchase Of 24.8% Of Outstanding Common Shares

Journey Energy

23/01/2018 24:25

Jan 22 (Reuters) - Journey Energy Inc  JOY.TO : 
    * ANNOUNCES REPURCHASE OF 24.8% OF ITS OUTSTANDING COMMON 
SHARES, 
PURCHASE OF DUVERNAY LANDS AND UPDATES 2018 GUIDANCE 
    * WILL PURCHASE 12.7 MILLION OF ITS OUTSTANDING SHARES FROM 
ITS 
LARGEST SHAREHOLDER, MIE MAPLE INVESTMENTS LIMITED FOR 
CANCELLATION 
    * MAPLE INVESTMENTS LIMITED HAS DECIDED TO REDUCE ITS 
INVESTMENT 
IN JOURNEY 
    * SEES 2018 ANNUAL AVERAGE PRODUCTION 10,100-10,500 BOE/D 
    * JOURNEY WILL BE ADJUSTING ITS 2018 CAPITAL SPENDING FROM 
A $40 
MILLION PROGRAM TO A $27 MILLION PROGRAM 
 
Source text for Eikon:  ID:nCNWQjfs2a  
Further company coverage:  JOY.TO  
 
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