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

Published 2016-02-23, 10:06 p/m
© Reuters.  BRIEF-Journey Energy says 2016 capital program forecasted to yield annual production volumes in the 8,700 to 9,000 boe/d range

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
* Further company coverage JOY.TO

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