Yangarra Resources Ltd T.YGR

New wells on PN....

[cfliesser]

All around horrible results

[nearpeakfreak]

Where are these well results  from. just wondering if you can be more specific about flow rates and days online. Most importantly are  they from the Chambers area. TIA NPF

[cfliesser]

100151204009W500 102161204009W500 100161204009W500

[Helloworld]

6 well pad which looks like an average of 70 bpd oil... hopefully the decline is not too bad... it seems typical for YGR... outside of a few boomers the average is not great... certainly no where near the typical type curve.. think garbage results are more than priced in at the moment. 80 wti and under $2

[kavern23]

But keep in mind YGR can get 100 barrels a day less oil than their competitors in Cardium for first 150 days and still be equal cause they drill and tie in so much cheaper than a Petrus or even IPO.

[kavern23]

Agreed.  Maybe they had to restrict production and choke back due to gas plant constraints....at least I am hoping the case.

[cfliesser]

Hopefully?  Does that make sense though?  I'm not sure... 

[cfliesser]

I am not quite sure what they mean by "chambers" area. I don't see that terminology on their map at all. I thought the new gas plant would be in this area: 100033503910W500 But the wells that are stuggling are here: 100151204009W500

[Helloworld]

Results would not be chambers. The PR in March says chambers only were going online in March and these are February results. 

[nearpeakfreak]

Chambers is West Ferrier on the map of Nov presentation.

[cfliesser]

yes, so new gas plant is no where near new wells that are producing in Feb.

[kavern23]

Cliff they did a new faculty of 15 mmcf in Chambers but they also expanded one of their existing plants from 25 to 35...'As part of this turnaround, a debottlenecking project was completed which increased facility capacity from 25 mmcf/d to 35 mmcf/d' YGR did 2 projects. Key question is this debottlenecking project in Ferrier..as if so maybe that effected those wells as they would be

[cfliesser]

The wording makes it seem like the debottlenecking was completed in January. I don't think its related. Why would they bring new wells online to be bottlenecked?

[kavern23]

It's strange they didnt have any type of drop in production in dec, jan and feb doing this project...which is why I am saying was YGR rerouting some NG to other plants...not sure if they have capabilty but they might...although production would suffer abit if going a distance. YGR needs the production, going to be bringing in new wells as fast as they can.