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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 kavern23on Oct 22, 2022 12:55am
157 Views
Post# 35040616

RE:Kav's Sept Estimate

RE:Kav's Sept EstimateOther Cardium player comments
Bonterra looks to have improved by 300 ish on oil from Aug to Sept
Petrus - I dont see anything impressive here yet. Best oil well is like 27 barrels per day. Couple above 200 on NG.  Maybe it is coming in future but didnt happen un Sept.
Obsidian. Sigh people are not going to like to hear this but for Sept, their Peace River and Viking look good but OBE hasnt had a good year drilling in Cardium, especially in willy.  OBE had an excellent 2021 drilling in cardium but 2022 has been noticeable worse, I can tell.  I am not going to be dishonest b*llsh*t , imo becareful with OBE, especially at its current share price.
Inplay-look down 143 oil barrels per day from Aug to Sept.  Best Pembina well is down to 125 barrels on oil.  Hard sluggin from here as IPO best pembina wells are not 200-300 anymore.  However IPO will become more stable and decline less, now that they have taken it. IPO looks 100 BOE on NG side higher from Aug to Sept. They keep getting the NG barrels to offset their oil barrel declines.  IPO may be fine in the short to medium term production wise but I think that sharebuyback will come in handy as one of these Q's they will disappoint.

YGR is better positioned for growth then IPO. YGR good wells just came on here while IPO were in 2021.  Any new well YGR ties in going forward will be gravy as YGR stellar wells 3 wells shoild just turn more gassy when the oil finally fades lower....keeping the barrels fairly constant month to month for awhule yet.  IPO will need some good wells by Jan.


kavern23 wrote: Very happy with the numbers. Oil content held for another month really high. YGR has moved up the liquid to gas ratio.
The new 4 West Ferrier wells I can confirm did produce but only for like half month in sept and cleaning up, this was difference from hitting 13k. Still really good numbers.

The 3 gushers from August, had stellar sept oil numbers as well, for sept they had 460 barrels of oil per day, 357 barrels per day and 344. Beautfiul stuff.

Q3 should be stellar finanicials, YGR juices nicely when it can produce the oil. Basically 1/3 higher on oil content compared to Q2.

Cheers grey goose, time. I will post tomorrow more.


YGR Q2 Aug Sept
Oil 2271 3196 3228
Gas 6145 6788 6775
NGL's 2138 2545 2540
Total 10554 12529 12543

I think 12,500 for both months with +- 400 each way.


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