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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 Helloworldon Apr 27, 2023 8:44am
99 Views
Post# 35416558

RE:Q1 Results

RE:Q1 ResultsAgree.. with all the doom and gloom and share price slaughter I thought things would be ugly but they seem quite positive. 

Ffo was a bit lower than I expected due to creepage in operating costs (mostly royalty costs). 

But capes came in a lot lower than expected by many here and so net debt not too bad. 

Nice to hear positive things out of Chambers.. only wish they posted actual results. 

Nice to see in the presentation they are focusing on their valuation gap and pushing the mantra they are not priced correctly... would be nice to see some insider buying to reinforce that notion if they are not in a position to buy back shares yet. 

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