Brief: Journey Energy Inc Q1 Net Loss Per Share Of $1.52

Journey Energy

20/05/2020 02:09

May 19 (Reuters) - Journey Energy Inc  JOY.TO :
    * . REPORTS FIRST QUARTER 2020 RESULTS
    * QTRLY NET LOSS PER DILUTED SHARE $1.52
    * QTRLY FUNDS FLOW LOSS PER BASIC SHARE 0.01
    * QTRLY PRODUCTION REVENUE $18.3 MILLION VERSUS $28.5
MILLION
    * ALL REMAINING EMPLOYEES' COMPENSATION HAS BEEN REDUCED BY
APPROXIMATELY 10%,
    * WILL NOT BE PROVIDING FURTHER GUIDANCE AT THIS TIME
    * ACHIEVED PRODUCTION OF 9,325 BOE/D IN Q1 VERSUS 9,330
BOE/D
    * TOOK A $60.9 MILLION IMPAIRMENT ON ITS PROPERTY, PLANT AND
EQUIPMENT ASSETS DURING QUARTER

Source text for Eikon:  ID:nCNWgF239a 
Further company coverage:  JOY.TO 

 ((Reuters.Briefs@thomsonreuters.com;))