Brief: Journey Energy Inc. Reports Its 2020 Year-End Results

Journey Energy

10/03/2021 03:12

Journey Energy Inc  JOY.TO :
    * . REPORTS ITS 2020 YEAR-END RESULTS
    * DEC-QUARTER PRODUCTION REVENUE $19.7 MILLION, DOWN 28%
    * QTRLY EARNINGS PER SHARE $0.75
    * ESTIMATES THAT CASH FLOW FROM COUNTESS ASSETS WILL BE
$1.5-2.0
MILLION IN Q1 OF 2021 ALONE
    * DECIDED TO TAKE A CONSERVATIVE APPROACH TO CAPITAL
SPENDING FOR
2021
    * SEES 2021 ANNUAL AVERAGE PRODUCTION 7,300 - 7,600 BOE/D
    * SEES 2021 CAPITAL SPENDING $3.5 - $5.0 MILLION
    * SEES 2021 YEAR-END NET DEBT $62 - $65 MILLION
    * SEES 2021 FUNDS FLOW PER BASIC WEIGHTED AVERAGE SHARE
$0.68 -
$0.75
    * QTRLY FUNDS FLOW PER SHARE $0.14

Source text for Eikon:  ID:nCNWvQ5Rja 
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