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.

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Yangarra Resources Ltd > Q1 thoughts

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Comment by Helloworldon Apr 30, 2024 7:43pm

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Post# 36016205

RE:RE:Q1 thoughts

Agree solid Q1 report.

The 2500 bbl/d oil makes sense based on 50% ownership of 2 boomer wells.

If they then own 2.5 of the other 4 Ferrier wells it should lead to a very solid April (4.5 wells brought on end of March). The higher WTI and I believe differential has shrunk as well should offset falling aeco prices.

Sets up for a very solid Q2 report in 3 months with probably 15 million in FCF due to very low Capex spend.

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Rig Count Soars as Utilization Surpasses Industry Averages