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BRIEF-Journey Energy Reduces 2019 Forecasted Capital Program From $40 Mln To $30 Mln

Published 2019-02-27, 07:44 a/m
© Reuters.  BRIEF-Journey Energy Reduces 2019 Forecasted Capital Program From $40 Mln To $30 Mln
JOY
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Feb 27 (Reuters) - Journey Energy Inc JOY.TO :

* JOURNEY ENERGY INC. REPORTS 2018 RESERVES AND PROVIDES AN UPDATE ON ITS EMERGING DUVERNAY RESOURCE PLAY

* JOURNEY ENERGY INC - DECIDED TO TAKE A CONSERVATIVE APPROACH TO CAPITAL SPENDING FOR 2019

* JOURNEY ENERGY INC - DECIDED TO DELAY INITIATION OF 2019 CAPITAL PROGRAM UNTIL JUNE

* JOURNEY ENERGY INC - REDUCED 2019 FORECASTED CAPITAL PROGRAM FROM $40 MILLION TO $30 MILLION

* JOURNEY ENERGY INC SEES 2019 ANNUAL AVERAGE PRODUCTION 9,200 - 9,600 BOE/D

* JOURNEY ENERGY INC SEES 2019 FUNDS FLOW PER BASIC WEIGHTED AVERAGE SHARE $0.84 - $0.94 SHARE

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