Journey posted quarterly results with production that was in line with expectations while cash flow came in slightly ahead on the back of
lower royalties and cash costs. The Company has elected to modestly reduce production guidance for the year to reflect shut-in production, phasing of capital projects, and unscheduled downtime due to third party turnarounds, with average production now pegged at 10,700-11,000 boe/d from 11,000-11,200 boe/d previously.
14 May 2015
Journey Energy Reports 1Q15 Financial and Operating Results, Updates Production Guidance
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Journey Energy Reports 1Q15 Financial and Operating Results, Updates Production Guidance
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
14 May 2015 -
Author:
Michael Hearn -
Pages:
7 -
Journey posted quarterly results with production that was in line with expectations while cash flow came in slightly ahead on the back of
lower royalties and cash costs. The Company has elected to modestly reduce production guidance for the year to reflect shut-in production, phasing of capital projects, and unscheduled downtime due to third party turnarounds, with average production now pegged at 10,700-11,000 boe/d from 11,000-11,200 boe/d previously.