OPERATIONS

TSX:JOY Latest Price $4.48 Change: $0.06 (1.36%) Volume: 502,420

OUR OPERATIONS

Journey has a base of low decline conventional production, with a significant portion of our oil assets under secondary or tertiary recovery schemes. This asset base provides a predictable cash flow profile that is used to fund our growth wedge in the Duvernay shale resource play. Our exposure to the Duvernay through a joint venture with a proven operator is a differentiating factor amongst microcap Canadian oil and gas companies.

Our unique business model helps mitigate risk and features:

Analogous, but geographically distinct, operating areas
Low annual decline rate
Balanced commodity mix
Waterflood/EOR improves capital efficiencies
Prudent and limited hedging to retain optimal upside
Diversified business including power assets that complement our E&P assets

Our diversified assets include:

Light shale oil in the prolific West Shale Basin Duvernay fairway
Medicine Hat: world-class polymer flood with over 300 million barrels of original oil in place
Oil waterfloods in Skiff, Matziwin, Ante Creek & Cherhill
Liquids rich gas and conventional light oil assets in west-central Alberta
Emerging power generation opportunities highlighted by our Gilby project
Significant, underutilized infrastructure ownership in our core areas

Journey Energy is an oil exploration and production company focused on creating long term value through the development of undercapitalized assets.

HEADQUARTERS

Journey Energy Inc.

Suite 700, Centre 10
517 10th Avenue SW
Calgary, AB T2R 0A8

CONTACT

Office: 403.294.1635
Fax: 403.232.1317

Emergency: 1.866.514.0030