Journey Energy Inc. provided operating and cash flow guidance for the full year of 2016. For the period the company's capital program is currently forecasted to yield annual production volumes in the 8,700 to 9,000 boe per day range. The currently projected $9 million in capital, down from an earlier forecast of $25 million, will be allocated to drilling, completing, equipping and tieing-in three (2.5 net) wells in Brooks and Skiff, as well as waterflood expansion projects in Matziwin, Skiff and Herronton.

With the planned 2016 capital program, the company is forecasting cash flow of between $15 and $16 million with net debt exiting the year between $100 and $101 million.