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Journey Energy Inc. (T:JOY)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 700, 517 - 10th Avenue SW
Tel: N/A
IR: See website
Key People
Alex G. Verge
President, Chief Executive Officer, Director
Gerald N. Gilewicz
Chief Financial Officer
Brett R. Boklaschuk
Vice President - Exploration
Business Overview
Journey Energy Inc. is a Canada-based exploration and production company. The Company is engaged in the exploration, development, and production of oil and natural gas in the Western Canada sedimentary basin. The Company seeks to optimize its oil pools on existing lands through the application of practices in horizontal drilling and, where feasible, with water floods. It offers horizontal, multi-frac drilling and secondary recovery methods. Its areas of operation are along a resource Fairway, which consists of the Central Region and South Region. Its Gilby Power Generation Project is a 15.5 megawatt facility, which is be located at Gilby.
Financial Overview
For the nine months ended 30 September 2022, Journey Energy Inc revenues increased 77% to C$142.2M. Net income decreased 39% to C$57.4M. Revenues reflect Crude Oil Production, Total increase of 14% to 947K barrels, Oil Equivalent Production (Units/day), T increase of 18% to 9K barrels per day, Petroleum and natural gas sales increase of 100% to C$168.1M. Net income was offset by Average Production Costs per unit.
Employees: 31 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $373.81M as of Sep 30, 2022
Annual revenue (TTM): $176.83M as of Sep 30, 2022
EBITDA (TTM): $90.30M as of Sep 30, 2022
Net annual income (TTM): $62.99M as of Sep 30, 2022
Free cash flow (TTM): $50.61M as of Sep 30, 2022
Net Debt Last Fiscal Year: $26.02M as of Sep 30, 2022
Shares outstanding: 56,859,664 as of Nov 3, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization