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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

Post by pppon Feb 27, 2022 12:22pm
251 Views
Post# 34465712

IP 365

IP 365So management stated that IP 365 rates are 300 bbls on their wells. Cost to drill 3.25 mil 30 wells. So based on that we should be able to bring on 9000 bbls this year. Something not adding up again. The drilling costs and cap-x work out. But the IP365 rates???. What are their declines on their existing production?? Company has always been very tight lipped on those numbers.  Even if you take 4500 of the 9000 bbls to keep production flat 45% decline on existing production. Still leaves 4500 for adititions in 22.  So exit should be as high as 14,500. Time will tell, IMO why their is a high short interest here. There guidance is off either in their production numbers or their IP365 rates. 
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