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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

Comment by TheRexmemberon Feb 27, 2022 1:59pm
121 Views
Post# 34465834

RE:IP 365

RE:IP 365

Your math is far too simple.

it does not take into account that production is added throughout the year.  

Wells get added and clean up over time,

fracking is done in batches to control costs so production comes on with small delays. 

existing wells continue to decline through the year

an IP 365 of 300 doesn't mean they produce 300 boe ON EXIT

wells are taken off line when completing nearby wells

production is lost to freeze offs 

delays due to break up

the last reserve report and the lower IP rates are now reflected in the guidance. 


 

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