Journey Energy agrees to sell Northwest Alberta assets for $28 million cash

• Journey Energy entered a definitive agreement to sell Northwest Alberta assets to a private buyer for cash consideration of $28 million.
• Disposition includes the Ante Creek pool and Pine Creek gas field; assets produce about 1,170 boe/d with 68% liquids.
• Effective date July 1, 2026; closing expected Sept. 1, 2026; proceeds earmarked for Duvernay light oil development.
• Transaction cuts 2026 sales volumes guidance by about 390 boe/d; capital spending guidance unchanged; adjusted funds flow impact seen as minor.
• Assets carry end-of-life costs of about $31 million; Journey estimates current corporate end-of-life costs at about $167 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Journey Energy Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608121832NEWSFILECNPR____20260812_309420_1) on August 12, 2026, and is solely responsible for the information contained therein.