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 > YGR/PNE

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Comment by kavern23on Apr 03, 2024 2:15pm

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Post# 35968349

RE:RE:RE:RE:RE:RE:RE:YGR/PNE

If prime cardium sections in ferrier that are hotspots for oil are worth 3m a section so are prime oily side glaucinite in caroline. Yes it varies a ton section to section.

In a hotspot for oil...who wouldnt pay 6m for 2 sections....that allow for 4 2mile wells that will produce 150k oil each within 2 years.

The problem is after using 109m to buy certus and taking on debt...PNE can spend 50m too drill those oil wells.

I dont want PNE to fail but pretty clear in trouble.

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