Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

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... see more

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TSX:YGR - Post Discussion

Yangarra Resources Ltd > My Sept estimates

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Post by cfliesser on Oct 26, 2022 4:09pm

My Sept estimates

My data just came in... always late.

Confirms what kav mentioned

Nothing new here, and thats the great part.

12.8k BOE vs. 12.7 in Aug.
growth negligeable and proportional in all products.

So really flat. Thsi is great new though since I was anticipating a bit of decline on those good wells.

Important to note that my model was significantly overestimating last Q for some reason (likely JV)
I didn't adjust anything...
Will see how good it is this time.

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Comment by Flush11 on Oct 26, 2022 5:32pm

how much was it off last time? I think anything over 12k for production is a huge win. Would be ok with 11,800. Would be ecstatic with 12,500 Feels like a change in sentiment is coming...

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Comment by cfliesser on Oct 26, 2022 9:22pm

Last Q I was expecting 11.2k and they released 10.5k

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Comment by kavern23 on Oct 27, 2022 12:15am

What do you have for Q3 Cliff?

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Comment by kavern23 on Oct 27, 2022 12:23am

I got 12110 for Q3. I did make adjustments. I dont have my laptop model from July but I am sure I did NG at 85% and 15% jv. Q2 I was doing closer to 88 or 90%. What is shows is WF is over contributing on NG and Cheddar and cow under contributing as YGR owns 100% in Cheddar/cow. In theory that % interest for YGR should increase as more 100% YGR land gets drilled. So I should ...more

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Comment by kavern23 on Oct 27, 2022 12:27am

My July numbers were bang on to the % on JV required to match actuals on Q2...I did same calculatation % to backward calcul my model to produce same q2 actuals. Then used this % on my July. YGR Q3 numbers are smokin on oil for sure.

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Comment by cfliesser on Oct 27, 2022 12:53am

Yes agreed, I am likely off on JV, prob means nat gas is overestimated by the 0.4k difference we have. I wanted to wait until Q3 results to see if the trend continuesd to explain why I am off. Then will update as you mention.

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