Yangarra Resources Ltd T.YGR

Long term

[kavern23]

Long term wouldnt this plan for YGR make most sense.
Get to having 225 wells that decline out to $40000 a well per month in revenue.
Hard for me to tell or gauge this as i dont have both ol and gas production numbers combined by location well number, be alot of work to do for little benefit.
My gut says YGR has 150-180 wells doing this range. A fauliure factor if 10% or abit more sound right and think YGR has 225 total wells or that range. It for sure getting better by the year as the volume of total wells producing increases.
At the 225 well level YGR would have more options on a return of capital to shareholders.
It s a numbers game at this point.
Think ideally YGR needs to be at 26 out of 30 wells that produce 40k per month in revenue when declined out.
Eventually when YGR has reached a bigger size of wells producing an online I see the capex going to more prodjects like producing their own power with NG to save on lifting costs. But right now drilling budget is so important of a priority.

[TheRexmember]

I wonder if there are some decent refrack options for YGR? Some of the wells that were way below expectations maybe? The only Canadian company that mentioned them publicly in the last few years was drilling near Milk River and later bought by IPCO. The numbers were good though. we are hearing a lot more about refracks out of the Eagleford and Permian but really any of the first shale plays

[kavern23]

I think capital is too scarce for refracking yet in Canada and economics for refracking probably work better if the well costs are 7-12m a well. For the cost of refracking 2-3 wells....YGR can drill a brand new one. In future once YGR has 250-300 wells maybe this becomes more on radar screen. I rook vacation and drove through that main highway through Chambers area outisde of Rocky on the

[TheRexmember]

I saw a headline last week that Alberta sold a bunch of Chambers land in July. No mention about who acquired it though.