Journey Energy Announces Purchase of Strategic Infrastructure and Posts Updated Corporate Presentation

Calgary, Alberta--(Newsfile Corp. - September 11, 2026) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce that it has closed the acquisition of a private company ("PrivateCo"), for total consideration of $8.0 million subject to customary closing adjustments. PrivateCo's primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and associated infrastructure (the "Asset"). The Asset generates third party processing revenue of approximately $0.7 million per year. Most significantly, the acquisition is expected to deliver a net reduction in operating expenses for processing Journey's working interest gas production from the Duvernay Joint Venture. Journey forecasts the purchase will payout within two to three years, based on forecast revenues and operating cost reductions.

Journey also announces that it has posted a new corporate presentation on the Company's website at www.journeyenergy.ca. The September Corporate Presentation contains updated 2026 guidance, reflecting the removal of recently completed divestments, and preliminary initial guidance for 2027.

Journey is presenting at the Peters & Co. Limited 30^th Annual Energy Conference in Toronto on Wednesday, September 16 at 11:40 AM Eastern Time.

About the Company

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey's strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.

For further information contact:

Alex G. Verge President and Chief Executive Officer 403-303-3232 [e-mail]

or

Gerry Gilewicz Chief Financial Officer 403-303-3238 [e-mail]

 

Journey Energy Inc.
1800, 215 - 9^th Avenue SW
Calgary, AB T2P 1K3
403-294-1635
www.journeyenergy.ca

ADVISORIES

This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information typically uses words such as "anticipate", "believe", "project", "expect", "goal", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future. Without limiting the generality of the foregoing, this press release contains forward-looking information regarding the expected benefits of the acquisition of PrivateCo, including anticipated reductions in operating expenses and processing costs; expected third party processing revenue; the anticipated payout period for the acquisition; the Company's updated 2026 guidance; initial 2027 guidance; and the Company's plans, strategy and growth opportunities, including with respect to its Duvernay assets and power generation business.

Schreibe Deinen Kommentar