Journey reported year-end reserves that were rela vely at y/y, re ec ng a per share impact of -3% on a 1P basis and 1% on a 2P basis, although noteworthy was an increase in the liquids weigh ng of booked reserves y/y across all categories. With what now appears to be a daily occurrence in the North American energy space, the Company has put forth a revised 2016e capital budget in response to current commodity prices, with plans to spend only $9 mm, from $25 mm previously. Management is also low ....
