Welcome to our dedicated page for JOURNEY ENERGY news (Ticker: $JRNGF), a resource for investors and traders seeking the latest updates and insights on JOURNEY ENERGY stock.
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Journey Energy Inc. has entered into a joint venture with Spartan Delta Corp. to develop 128 sections of land in the Duvernay oil and liquids fairway. Spartan will be the operator of the JV, with initial working interests at 62.5% for Spartan and 37.5% for Journey. The JV aims to tap into the extensive production history of existing Duvernay wells and liquid-rich glauconitic production. Expenditures within the block are capped at $30 million in 2024 and $100 million for 2025. Journey recently closed a $38 million convertible debenture to fund the JV commitments and other projects.
