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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 Hendrick3on Aug 20, 2024 7:29am
83 Views
Post# 36187364

RE:Threshold....

RE:Threshold....In talking to management last year, I believe well costs are under $3 million. Your point is well made but the differential between ygr well costs and others is wider than you stated. It's a huge advantage. This is why ygr made a 9 cent profit in q2 when many struggle to be break even. Just a reminder that the NAV of PDP reserves is nearly $4 per share. As we see more consolidation the massive u dervakuation gap should begin to close. Better days ahead. 
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