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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Comment by Khersonon Feb 10, 2021 9:57pm

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Post# 32533904

RE:RE:RE:RE:Upgrade

kavern23 wrote: Stockfy, while NG is always important to YGR, the price of CAD oil is going to be extra critical to YGR as YGR should have at least 5 wells to tie in Q1. The five wells are from Dec 2 until now.
As these wells produce so much oil in 4 first months...a good cad light oil price helps the payback periods so much.

Dec production numbers look pretty good....considering the year. I can't tell exactly because of JV alloacations but should be between 9500 and 10000 boe in Q4 with 500 more on oil side compared to Q3.

As YGR didn't complete many wells after Q1 in 2020...YGR oil production will increase quite fast at the start of a drilling program again and then it will eventually level out. As long as YGR ties in 4 wells a Q its oil production will grow each quarter up too an extent like to the 4,000 barrel a day mark,.

Hopefully YGR is getting wells tied in as soon as possible. In Sept they drilled a well and tied in for October so that is promising and encouraging.
YGR doing more things inhouse maybe means they can be this fast always.

stockfy wrote: Hopefully, the natural gas price will help. YGR has corrected lately primarily due to the drop in natural gas price.