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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 Jun 22, 2024 10:12pm
96 Views
Post# 36101998

RE:Kavern Cardium and other May production estimate

RE:Kavern Cardium and other May production estimateThanks for the May update. Always appreciate your insight Kavern. 

12k barrels with >40% liquids would be a fantastic month again. Would mean minimal liquid decline from May despite no new wells. 

Would mean April and May average 7+ million in debt reduction per month. 

Would mean they will exit Q2 with much higher liquid production compared to end of 2023 exit, all while reducing debt probably ~25 million with aeco at historical low pricing. 

Shorts crazy for piling in now. Obviously the time to short was a year and a half ago when the last batch of shorts covered. 
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