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Journey Energy Unloads Northwest Alberta Assets for $28M

Guavy AI Editorial Team
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Journey Energy Inc. (TSX: JOY / OTCQX: JRNGF) has finalized an agreement to sell its Northwest Alberta assets for $28 million in cash, subject to standard closing adjustments.

The transaction includes the Ante Creek pool, Pine Creek gas field, and several minor properties in Northwest Alberta. Proceeds from the sale will be invested in advancing Journey's Duvernay light oil resource play.

Journey has not allocated capital expenditures to these properties for several years and anticipates the sale will lower its 2026 sales volume guidance by roughly 390 boe/d (67% liquids).

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