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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 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

Yangarra Resources Ltd
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Comment by pppon Dec 24, 2018 9:38am
91 Views
Post# 29153563

RE:RE:YGR's current PBV is 1 times versus Peers' PBV << 1 times

RE:RE:YGR's current PBV is 1 times versus Peers' PBV << 1 timeshas limited drilling inventory. Most of its landbase has not been de-risked. Additional headwinds


WTF are you talking about.

As a result of continuously improving drilling and production results, Yangarra continues to update future drilling inventory. The company's Cardium-type curve is the weighted average of all future inventory in all areas of the Cardium portfolio. Current inventory is estimated at 913 gross (716 net) locations (one-mile wells). Based on current inventory, drilling with two rigs year-round, other than breakup, Yangarra estimates it has 16 years (net) of future inventory. In 2018, the company added 17 sections of Cardium land.
 
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