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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 Helloworldon Feb 04, 2024 11:27am
118 Views
Post# 35861870

RE:The Long Game

RE:The Long GameIf Q1 is not a drilling success then things would really be a disaster. 

The 6 wells in Ferrier are best land with good spacing. 

Taqa to west and YGR best 2022 wells to east all did about 300 - 400 barrels/d for a while for 2 of the wells. The other 4 are just on the other side of the 2022 wells with good spacing.   

I think baseline expectation should be 1000 barrel/d oil combined for the 6 wells for at least a few months which should put things on a positive trajectory. 

Perhaps one reason why they are not putting out guidance yet is to get these wells a bit of runtime so they can send out a positive operations update with the poor Q4 report. 



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