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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 Dec 12, 2024 1:59am
116 Views
Post# 36358200

Wonder

WonderI wonder know that deal is signed, another ygr press release with more details on both belly plans and number of wells drilled in 2025.
if ygr has some capex of 55-60 m in 2025 for an main oil battery to be built in chambers probably a good sign.

It did kinda feel like ygr was being quiet on belly for business reasons, get more land tied up.

most of ygr 2024 belly drilling looked to test how far east it goes.
Ygr hasn't tested belly west or south of the fall 2023 belly well which has been best so far.

belly likely gets even better into Samson land.

if ygr can hit belly's that do 25k plus in first 6 months, economics should roll into return of capital.
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