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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.


TSX:YGR - Post by User

Yangarra Resources Ltd > Crazy cheap
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Comment by Flinflogon Jan 30, 2024 6:55pm
90 Views
Post# 35853844

RE:RE:RE:RE:RE:RE:RE:Crazy cheap

RE:RE:RE:RE:RE:RE:RE:Crazy cheap I think a good chunk of their land base at Ferrier, Will green, and Ocheise was acquired through a farm in on TAQA land. A normal deal would be to pay a 100% of drilling costs, earn 100% in the spacing unit(whatever you agree it to be) till payout, and then 60% thereafter. There are drilling commitments to earn further land so that may be one reason YGR is taking a little more drilling risk
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