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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 kavern23on Mar 28, 2024 3:10pm
88 Views
Post# 35958743

RE:RE:ATB on new wells

RE:RE:ATB on new wellsI agree with you in bottom is in and this is a good buy...question is how much time does a person have to buy shares before share price rises

Even before these wells hit and Feb looks good....I think YGR bottom was in as they survived Q4...with no material damage to debt reduction pace.

I was alot more comfortable with YGR when i seen 15.9m capex for Q4.
I think it would be closer to 23-25m.

The maint.  program of dewaxing wells should also help keep production up while YGR is in debt payment mode.

Belly river well is really encouraging as a 6 month payback would be gravy.
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