Brief: Journey Energy Reduces 2019 Forecasted Capital Program From $40 Mln To $30 Mln

Journey Energy

27/02/2019 12:44

Feb 27 (Reuters) - Journey Energy Inc  JOY.TO :
    * JOURNEY ENERGY INC. REPORTS 2018 RESERVES AND PROVIDES AN
UPDATE
ON ITS EMERGING DUVERNAY RESOURCE PLAY
    * JOURNEY ENERGY INC - DECIDED TO TAKE A CONSERVATIVE
APPROACH TO
CAPITAL SPENDING FOR 2019
    * JOURNEY ENERGY INC - DECIDED TO DELAY INITIATION OF 2019
CAPITAL
PROGRAM UNTIL JUNE
    * JOURNEY ENERGY INC - REDUCED 2019 FORECASTED CAPITAL
PROGRAM
FROM $40 MILLION TO $30 MILLION
    * JOURNEY ENERGY INC SEES 2019 ANNUAL AVERAGE PRODUCTION
9,200 -
9,600 BOE/D
    * JOURNEY ENERGY INC SEES 2019 FUNDS FLOW PER BASIC WEIGHTED
AVERAGE SHARE $0.84 - $0.94 SHARE

Source text for Eikon:  ID:nCNWTjHT9a 
Further company coverage:  JOY.TO 

 (Reuters.Briefs@thomsonreuters.com)