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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Comment by TheRexmemberon Oct 21, 2021 1:31am
91 Views
Post# 34031025

RE:Year end exit numbers?

RE:Year end exit numbers?

I think it can because they have been drilling steadily.  From what IR said they were bringing on seven wells each quarter.


To me the biggest risk to the numbers will be timing the production tie ins. They minimize venting as part of the esg plan so they get everything connected to the gas lines up front. Between that, well clean up and shutting in producing wells while fracking we will gain a few hundred or lose a few barrels of production. I get the feeling they are sandbagging us a little bit with some awesome Chedder and West Ferrier wells prior to year end.

But I think it should be close. Glad we are committed long term to one rig. Too many headaches juggling stop start programs. 


my bet is we are within 500 barrels on either side of 14,500 boe/day exit production. 

be prepared to start being blown away by cashflow numbers on a regular basis. Things look awesome!


luck!
 

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