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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 Flinflogon Dec 14, 2023 1:54am
78 Views
Post# 35783735

RE:Flinflog

RE:Flinflog

Easy son. I didn't see anybody give the locations of the wells so I was just speculating as to what could explain the low production of oil. If they are from an existing pad then yes the pipe is there. If it's a new pad/new drill,  there won't be.

Somebody asked if delaying production is possible and yes, it could be done to show a good exit rate for year end. I am not saying that is what they are doing. Their "plant" at Willy Green is just a compressor and separators. They still have to get the gas to a NG processing plant somewhereand that is likely on a higher pressure third party line.

Anyway I sold all my Yangarra shares a while back and that's when I did some research on them. I just dropped by the Board to see what's going on.
Cheers

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