Brief: Journey Energy says 2016 capital program forecasted to yield annual production volumes in the 8,700 to 9,000 boe/d range

Journey Energy

24/02/2016 02:27

Feb 23 (Reuters) - Journey Energy Inc  JOY.TO : 
 * Reports increased reserves for 2015 and updates guidance for 2016 
 * Says 2016 capital program is currently forecast to yield annual production 
   volumes in the 8,700 to 9,000 boe/d range 
 * In response to decreasing commodity prices, capital program was adjusted 
   lower to preserve balance sheet 
 * Forecasting 2016 cash flow of between $15 and $16 million with net debt 
   exiting the year between $100 and $101 million. 
 * Source text for Eikon  urn:newsml:reuters.com:*:nCNWtFn99a 
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