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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 Sep 24, 2022 1:11pm
112 Views
Post# 34984217

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern - Any update on production of those new wells?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kavern - Any update on production of those new wells?

Good points though Kavern. I would prefer the Yangarra business plan of just running one rig all the time and maybe lowering the total well numbers by drilling a few joint venture wells like YGR does. I think that is just smart business. BNE really throws off the cash flow and manages the financial side very well. Not 100% sold they couldn't adjust their drilling practices to squeeze out a few more barrels per well. They did drop debt from over 300 million end of Q2 2021 to around 200 million in 2022 so that side of the business looks great. But is sure makes for dull news releases. 

this fall is going to be another historic buying opportunity for both companies. 

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