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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

Post by kavern23on Sep 30, 2024 8:52pm
636 Views
Post# 36247587

Like I was saying

Like I was saying

Today Obe releases they can fcf more cause no q4 cardium drilling capex. Totally aeco curve causing that.  At 5m a well the payback must be long.

I surprised ipo has held as well as it has. Ipo doesn't have another play like peace river or montney or Charlie to go too.
Cardium will definitely go down in spots.

Obe has so much peace river growth I think in 2025 they revise and drop more cardium even if -pay goes down 2k boe a day.

key for ygr on new wells is obvious in oil weighting. They have recent pics of frack so hopefully more oil barrrels on way for ygr. First belly well is still over 100 barrels of oil in august and should make 40-50k barrels of oil for full year.

I see fiddlehead is trading, like 15-17 cent range. Still no drilling from them. 




 

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