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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 kavern23on Dec 07, 2023 3:25am
194 Views
Post# 35772421

Options

Options

I am aware of ygr debr faculty and it reducing but I still think they have options to get capital if a deal is cheap enough making it worth it. 

I think  ygr would have option of selling a gorr on certain parts of their land. Most firms that do these want company to do a drilling commitment and ygr is one company in Cardium that consistently drills and also has undeveloped land which gorr are usually for. Chambers for example.

rubelite probably did a gorr as most attractive way of getting capital but problem is few companies have assets to qualify for it. But rubelite still had to agree to a 59 well commitment of drilling.

with aeco hedge curve so depressed wouldn't it make most sense to buy 2500 boe of current production from somebody for 20m....then 2024 capex wouldn't need to be 100m.

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