Journey Energy Inc JOY.TO :
* . REPORTS ITS 2020 YEAR-END RESULTS
* DEC-QUARTER PRODUCTION REVENUE $19.7 MILLION, DOWN 28%
* QTRLY EARNINGS PER SHARE $0.75
* ESTIMATES THAT CASH FLOW FROM COUNTESS ASSETS WILL BE $1.5-2.0 MILLION IN Q1 OF 2021 ALONE
* DECIDED TO TAKE A CONSERVATIVE APPROACH TO CAPITAL SPENDING FOR 2021
* SEES 2021 ANNUAL AVERAGE PRODUCTION 7,300 - 7,600 BOE/D
* SEES 2021 CAPITAL SPENDING $3.5 - $5.0 MILLION
* SEES 2021 YEAR-END NET DEBT $62 - $65 MILLION
* SEES 2021 FUNDS FLOW PER BASIC WEIGHTED AVERAGE SHARE $0.68 - $0.75
* QTRLY FUNDS FLOW PER SHARE $0.14