Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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.

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Yangarra Resources Ltd > Earnings

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Comment by AlexPKeaton89on Apr 27, 2022 10:59pm

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Post# 34637696

RE:RE:RE:RE:RE:RE:Earnings

Nice post theRexmember - some good points in there but you are wrong on point 6 and 7. Current production is 10,500. They had 1500 shut in for 1 month which averaged 500 for the quarter which puts them at current production of !0500.

For point 7 - it is not average production of 12,000 - it says plainly on page 3 of the presentation that it is 2022E (for Exit) of 12,000.

I have spoken at length with Jim about this. The plan is to add approx 500bopd each quarter to end the year at 12,000.

I wish they had included more detail - what current production is, some of the results of the wells and a clearer timeframe on when a dividend may be implemented if WTI stays at these levels but it looks like they are playing pretty guarded right now.

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