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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

Comment by Hendrick3on Mar 28, 2024 12:50pm
69 Views
Post# 35958327

RE:RE:RE:RE:RE:RE:RE:YGR presentation

RE:RE:RE:RE:RE:RE:RE:YGR presentationExchanged emails with Glessing today and asked about credit reviews. His reply:

The credit review is ongoing, with our significant PDP value there are no issues, just getting to banks onside for an eventual dividend payment.

Not surprised that their large pdp reserve value has the bank's comfortable. Maybe we can put debt restructuring as a concern on the back burner for awhile. 
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