Yangarra Resources Ltd T.YGR

YGR presentation

[kavern23]

What are your guys thoughts?

It feels like April or May one will be a total revamp as this one states nothing on waterflood or even the land map doesnt seem up to date? 

Why?

[TheRexmember]

couple notes on Kavs production comments : Will see what the production looks like afrer drilling/ completion work was postponed. Water flood and recompletions are a long term benefit and hugely economic in most cases but it can really blow out quarterly op costs. When BNE released their number in Q3 2022 analysts lost their mind for a quarter. Pretty sure ithe stock dropped two dollars in a

[kavern23]

Rex....I have a very good idea on YGR's Feb numbers it is joint venture % that I dont know perfectly. What I said matched petroninja when they updated . The waterflood for YGR is supposed to be in Q2 and cheddarville. But the mystery to me is where YGR is going to get the produced water as YGR cardium wells dont have water of willy or pembina. Are they getting water from whitecap or petrus.

[Hendrick3]

Are the ygr production numbers showing any improvement Kavern. I know the jv% is still a question mark but generally speaking are we heading higher. Starved for some good news about now. 

[Helloworld]

4 wells brought online contributed 1600 b/d oil in Feb.  Couldn't have asked for better drilling start to year. 

[nearpeakfreak]

That's wonderful where are the wells located? TIA NPF

[Helloworld]

2 in Chambers. 2 in Ferrier.  040-10w5 - 3 (350 b/d) 040-09w5 - 12 (1250 b/d.. may be a jv)

[Hendrick3]

Why hasn't this great info not leaked out such that the stock would have recovered like most stocks? It's an open question. 

[Helloworld]

The horrible drill results of H2 only fully came to light a few weeks ago. If those kind of drill results continued it would sink the company which is why you have smart people like Rex asking if a recap is coming. This was followed by giant share handout.  Tremendous selling pressure on share price has ensued. People fed up. So many shares for sale and the price doesn't budge up even

[Hendrick3]

Exchanged emails with Glessing today and asked about credit reviews. His reply: The credit review is ongoing, with our significant PDP value there are no issues, just getting to banks onside for an eventual dividend payment. Not surprised that their large pdp reserve value has the bank's comfortable. Maybe we can put debt restructuring as a concern on the back burner for awhile. 

[Helloworld]

Crazy they are talking about dividend... Buyback would provide so much more value at this level. 

[Hendrick3]

Either will increase the stock price.