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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 Aug 13, 2023 6:07pm
80 Views
Post# 35586209

RE:RE:RE:Consulting Firms and Well Designs

RE:RE:RE:Consulting Firms and Well Designs YGR seems to be copying the best practices of Permain players in development. Ie...fracking 5 plus wells on one pad at a single time. The downside of this is it makes production numbers between months even more choppy but upside is it should improve well economics.
Future model for most of these companies to get low per wells costs is as many wells as possible on one pad. Thats why land packages are so key.
In chambers YGR should have better options on spacing as they can go in more directions per lease. I dont think YGR will have to build that many leases to development all of Chambers.
I agree that hopefully the consultants can dail things in on Cheddarville wells better. They own a large continginous land package should that should help with options for optimal development...ie just drill in more directions.
This fall will tell alot.
Promising locations and time will tell.
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