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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.


TSX:YGR - Post by User

Yangarra Resources Ltd > september production results
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Comment by cfliesseron Oct 21, 2022 1:12am
111 Views
Post# 35038123

RE:RE:RE:RE:RE:RE:september production results

RE:RE:RE:RE:RE:RE:september production resultsIf they only spend 60M they will be debt free much sooner than end of 2023.

I think they can easily repay similar debt to last Q, $23M, each quarter (on avg for next year) from now on as long as commodities stay around where they are now.
*I think this is conservative since prices will be higher early next year...

$155M / $23 = 6.7 quarters. So this already takes us to end of 2023 debt free. 

IF they reduce capital spend to 60M (which I really hope they do not, and I don't think they will?)
that saves them another $40M over the course of the year.
This means they might be debt free by mid Q3 2023....

That is 1 year from now...
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