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.

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Yangarra Resources Ltd > The company needs to do a 1for3 reverse split

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Comment by smcapinvestoron Nov 10, 2023 4:03pm

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Post# 35729305

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The company needs to do a 1for3 reverse split

My concern is that YGR is spending a lot of cap-ex to slowly become at gas producer at a time of low prices, with no relief in sight.

In Q3 2018 oil production was 4853 bpd
In Q3 2019 oil production was 3627 bpd
In Q3 2023 oil production was ~2100 bpd

Produciton has increased in time, but from high value oil to low value gas and NGL. The only reason the debt has decreased in the equity raise. They seem like they are spinning their wheels. I have owned stock for a long time.

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