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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

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

Bullboard Posts
Comment by oilyexecon Feb 12, 2020 6:33pm
75 Views
Post# 30682490

RE:RE:RE:RE:RE:RE:RE:RE:RE:Best of times, worst of times

RE:RE:RE:RE:RE:RE:RE:RE:RE:Best of times, worst of timesI also checked the AER website for any other new HZ YGR wells rig released in January but only came up with the 3 wells reported on fracfocus.ca. So, I used 3 wells, each at 900 bopd IP30 + 2000 GOR gas = 1200boepd x 3. (2mi laterals w/20T & 20,000m3 slickwater). But the 3 wells will only be producing flush production, 1 for 1 week and 2 for 2 weeks = 1.25 'net' wells onstream in January, so I used 1800 boepd flush x1.25 = 2250boepd average during January. So, 12550 exit less decline of 4% (due to high impact of Q3 wells) = 500boepd for January) + 2250boepd for 3 new wells = 14300. And, because I am an optimist, I reduced my 'guess' to 14,150 boepd for January. February production will be higher still due to the full month effect.

That's my 2 cents worth. Let's see what the 25th brings us.


Bullboard Posts