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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 kavern23on Jun 23, 2024 6:38pm
118 Views
Post# 36102534

RE:Home run

RE:Home run If these Orlens assets are available in 70-80m range instead of 130-150m range they used to be valued at...hopefully some company moves on this.
I think fiddleage per flowing barrel buy at slightly under 12k ish per flowing barrel is higher that what Ferrier will fetch. A high percentage of the price paid was for about 8 well drilling locations that are oily.
Orlen may fetch only 8k per flowing in a high interest rate enviro and low aeco.

Great time for someone to buy, likely one of three things...ygr or Pertrus  or a private equity like arc financial group backs a new start...I only see that happening if Orlens went too stupidly cheap.
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