Brief: Journey Energy Inc. Provides Operational Update And Issues 2023 Guidance

Journey Energy

18/01/2023 21:42

Jan 18 (Reuters) - Journey Energy Inc  JOY.TO :
    * JOURNEY ENERGY INC. PROVIDES OPERATIONAL UPDATE AND ISSUES
2023
GUIDANCE
    * JOURNEY ENERGY INC - Q4 SALES VOLUMES WERE 11,800 - 12,000
BOE/D
BASED ON FIELD ESTIMATES
    * JOURNEY ENERGY INC - ENTERED INTO AGREEMENT TO PURCHASE A
16.5
MW POWER GENERATION FACILITY THROUGH AN OPEN AUCTION PROCESS
THAT STARTED IN NOV 2022
    * JOURNEY ENERGY - REMAINS POISED TO RAMP UP CAPITAL
EXPENDITURE
IN 2ND HALF OF 2023 SHOULD COMMODITY PRICES RECOVER TO
PREVIOUSLY FORECAST LEVELS
    * JOURNEY ENERGY INC SEES H1 2023 ANNUAL AVERAGE DAILY SALES
VOLUMES 13,000-13,500 BOE/D

Source text for Eikon:  ID:nCNW6kx6Ha 
Further company coverage:  JOY.TO 
 ((Reuters.Briefs@thomsonreuters.com;))