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.

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Yangarra Resources Ltd

Bullboard Posts

Comment by pppon Feb 06, 2020 8:51pm

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Post# 30655083

RE:RE:RE:RE:RE:New came out....

IMO everyone thought the IP rates where way over 500 bbls when in fact they are under 500. I am pissed they didn't give us todays production Good news is they gave us the decline rate of 35% and the cost of 15000 per flowing to make up for the declines.

Sustainable go-forward plan has Yangarra spending less than cash flow
- Incremental free cash flow deployed to debt repayment (target net debt of $150-160mm)
- ~35% corporate decline managed by full-cycle capital efficiency of ~$15,000/boed
- Sustaining capex of ~$68mm at 13,000 boe/d requires ~C$48 Ed. Par & ~$C1.50/gj AECO (currently ~C$56 & ~C$1.60)