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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

Post by kavern23on Apr 13, 2024 4:45pm
103 Views
Post# 35987695

Rex and financial markets

Rex and financial markets

Rex I do understand the financial markets that is the problem.

Bonterra was failing before Covid started. Went from 20 dollars to 6.8.
their business model wasn't working once multi fact wells started to lift overall production in North America.

putin invading Ukraine made petrus, inplay and Bonterra teams look smart. 

but when commodity prices normalize the things that bite Bne, petrus and ipo pre 2019 will appear again..drilling locations, aro and most of all capex per well cost.

ygr had too high of capex per well cost in 2019 and management is capable as they figured this out...4 million dolllae cardium wells won't work long term for anyone.

 

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