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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Yangarra Resources Ltd > Q4 production

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Post by cfliesser on Feb 06, 2023 11:21am

Q4 production

Based on reserve report #s for avg prod and previous prod,
Q4 production should be 11,721 BOE

I am optimistic about Feb production with those new 6 wells.

Just wondering how Jan was aroudn 12k withotu new wells, maybe they rounded up...

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Comment by fullyautomatic on Feb 06, 2023 1:22pm

Yeah Cliff, I am optimistic as well. Those 3 Cow Lake I was ranting about were put on in Dec so that might be the little prod bump Decent RR, I was scared of another tech revision down but added in all catagories. Good to see. Debt at end of Q4 is 134M. Down +13M in the Q Did a quick comparision EV to PDP with OBE. YGR is trading right with it on PDP, with OBE being 3x bigger EV ...more

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Comment by kavern23 on Feb 06, 2023 2:03pm

Fully...and YGR's PDP value doesn't have a massive estimate for old depleted wells to reclaim in that. Lots of these estimates could be understated by the other companies as a person doesnt know how hard it is to pull rusted pipe from the 1960's until they get to the well...or the amount of polluted soil that needs to be taken away. I think makes YGR's PDP better. These new ...more

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Comment by fullyautomatic on Feb 06, 2023 2:21pm

Kav- good point. I think they may already have some of the ERF land. I noticed a licenses on 040-09W5 sections 2 and 11 aren't shown on presenation website as YGR lands... These are really good locations. Gurdeep told me they don't want the rig too far west during breakup, so these might be the drillied in Q2? I get the sense we will be at 13k early in the year too.

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Comment by Flush11 on Feb 06, 2023 3:33pm

did anyone see the cost of the facility expansion and the new facility they are putting in? There should be lots of production momentum this year. too bad gas prices are crappy. weather.........

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Comment by kavern23 on Feb 06, 2023 1:51pm

Some of the Ferrier wells were probably choked back due to capacity constraints. We don't which gasplant had a turn around but it could be the cow lake one that got expanded, some of the ferrier gas could be going here. Building that plant in Chambers is smart as it gives a leg up on buying future land. Hard to bid on land if you dont have a plant. Always been an advantage YGR has ...more

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