Brief: Journey Energy Reports 2019 Reserves, Provides Guidance For 1H Of 2020

Journey Energy

25/02/2020 03:29

Feb 24 (Reuters) - Journey Energy Inc  JOY.TO :
    * REPORTS 2019 RESERVES AND PROVIDES GUIDANCE FOR FIRST HALF OF 2020
    * DURING 2019, INVESTED ABOUT $21 MILLION IN CAPITAL PROJECTS NET OF ACQUISITION AND
DIVESTITURE
ACTIVITIES, WHICH WERE MINIMAL IN 2019
    * SEES 1H 2020 AVERAGE PRODUCTION OF 9,200 BOE/D - 9,400 BOE/D (49% LIQUIDS)
    * SEES 1H 2020 FUNDS FLOW PER BASIC WEIGHTED AVERAGE SHARE $0.28 SHARE - $0.30 SHARE
    * SEES 1H 2020 EXPLORATION AND DEVELOPMENT CAPITAL $10-11 MILLION
    * JOURNEY ENERGY -UNCERTAINTY AND VOLATILITY IN COMMODITY PRICES, FROM CORONAVIRUS IMPACT
RESULTED
IN SIGNIFICANT CHALLENGES FOR FORECASTING FUNDS FLOW

Source text for Eikon:  ID:nCNWdK06Sa 
Further company coverage:  JOY.TO 

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