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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 Flinflogon Dec 13, 2023 1:13pm
112 Views
Post# 35782516

RE:RE:14k Exit

RE:RE:14k ExitAs an ex O&G guy who has worked at several juniors it is common practice to not put wells on till end of quarter and year end so your stellar exit rate looks good to recent investors. Of course , long term investors eventually catch on and get tired of the roller coaster unless you can make the treadmill go faster. I don't have access to well data anymore but the 2 poor wells that have been mentioned are likely just the amount from production testing and haven't been tied in yet. You can't flare the gas so you have to find a home for it and it may have to go on a third party line that doesn't have room for you. Lots of reasons for delays. Yangarra is a great field operator and driller, and has financial smarts. But it's Achilles heel is the lack of geological and  engineering expertise.
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