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Yangarra Resources Ltd YGRAF


Primary Symbol: T.YGR

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 Mar 22, 2024 11:49pm
202 Views
Post# 35948496

Doable

Doable It should be at least feasible for Ygr to get down to a net debt of 105m by may 31.
don't think much explanation on why this should be target range with bank renewal in may.

I think Ygr can cf 22-23m in q1 and then 16m cf for April and may with maybe 4m carried over capex from q1 combined for April and may...giving fcf of 12m for those 2 months. Majority of fcf is going to be April and may. Possible Ygr can do 2-5m fcf in q1. Depends on capital is split between march and April which I don't know,

i mean I guess 100m net debt by may 31 is doable but a lot of things would continue to have to go right and the march wells need to be good as well. I have Ygr at 8m plus cf a month right now
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