Journey Energy (TSE:JOY) has released an update.
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Journey Energy Inc. has renegotiated its term debt repayment terms with AIMCo, leading to a revised schedule that extends the debt’s maturity and modifies monthly repayments, thus enhancing the company’s ability to fund future joint venture obligations. In addition, the company has divested some non-core assets and is proceeding with its capital projects, including the Gilby Power Project, while maintaining its current production guidance despite some operational shut-ins.
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