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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 Mar 23, 2024 2:53pm
112 Views
Post# 35948931

RE:RE:RE:RE:Feb Estimate

RE:RE:RE:RE:Feb Estimate

Are you suggesting that YGR is pulling a rabbit out of their hat with a few boomer oil wells this spring?

It only took IPO to drill half a dozen strong oil wells to fix their balance sheet coming out of covid. It was a small property they acquired and drilled out of there core area then. They have done a lot in the 4 years since obviously but really that was the catalyst that finally got them back on their feet. 

I am not as impressed with half a dozen 150 barrel oil wells yet unless they are cheap and they can bring on a lot of them. I don't thing they released well inventory data yet? 

The best part about BR drilling is the price. I always had the impression that YGR mgt avoided plays like that because they wanted to focus on fewer more impactful wells. 

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