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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 Binkieon Apr 27, 2022 6:17pm
132 Views
Post# 34637152

RE:Earnings

RE:Earnings

I liked q1, didn't love it. I expected more to be honest. They said capex for the rest of the year would align with previously announced guidance so about 26million a quarter, but they forgot to comment or update the production guidance of 12k boe/d. 10,044 leaves a big gap to fill. 

Hiwever, they are generating great returns and paid down over 18 m in debt. Hope the market loves it 

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