Yangarra Resources Ltd T.YGR

What can 1 Rig Do?

[Helloworld]

they have been running 1 rig for 1.5 years straight and have hovered around 10k. For sure it seems they should be able to go a little higher and get back 11 or 12 but is 14-15k which is what everyone is hoping for actually achievable or are we going to max out at a much lower number? If production targets cannot be hit this stock does not seem undervalued but more fair value.

[Flush11]

Nope. they have been drilling for constantly for 1.5 year and production dropped to just over 8000 boe/d and debt ballooned up to 200 million before the drilling and completions finally ramped production back to 10,500 and debt dropping 45 million dollars in the past 6 months. with late quarter wells being tied in that will make Q3 look stronger. Q2 has always been a MEH quarter for these guys