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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.


TSX:YGR - Post by User

Yangarra Resources Ltd > Earnings
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Comment by Flush11on Apr 28, 2022 6:37pm
190 Views
Post# 34640565

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Earnings

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Earnings
FWIW I confirmed it was the Willy Green wells that were all off line due to the 3rd party plant outage.

So 1500 barrels came back on April 1 into an awesome market.

we should be able to grow another 500 + barrels in Q2 depending on tie in dates.

Production rates will be higher if the completion tweeks I have been hearing about work. Cost control has been awesome but production results have not been over the last 2 years. It aint always about price boys!

We have a lit of gas hedged at 4.50 in Q2 and a little oil - as well. Not big positions and the prices are ok.

a lot of the drilling savings were the result of drilling 1 mile and 1.5 mile wells. They have in fact reduced costs a bit BUT some of that will be given up with the longer reach wells and more expensive materials.

I feel like there is a deal coming. Not sure what it is.


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