Yangarra Resources Ltd T.YGR

80 Million Debt Target

[Helloworld]

Realistic timeliness for hitting debt target? 

April probably did about 8 million FCF. 

May probably about 6 million FCF. 

Brings debt to about 95 million end of May. 

Problem is with minimal Q2 capex CF in June and July probably drops to around 6-7 million if aeco stays low. 

Best case scenario then is $2 million FCF per month if Capex stays reduced at $5 million per month. Would mean debt target hit roughly 7 months from now or end of year.

[cfliesser]

I think end of Q4 is realistic.

[cfliesser]

could be early for sure, but I like only to be positively surprised

[kavern23]

Kinda quiet on anything beyond 80m target when it comes to future drilling plans.   sure a lot of different properties listed on sayers. A lot of non core assets to larger cimpanies are for sale around Alberta. It feels like more long term plans will be released at some point in 2024...like a new three plan I do think ygr likes to be company looking at leading edge industry trends

[Helloworld]

I like the concept that at $80 oil and $3 aeco (could be case in Jan 2025 when debt target is reached) and today's share price. If they took a month off drilling they could buy back 10% of the company.  My vote would be for that. Continue high graded opportunities, JVs, buybacks, debt reduction.  Debt reduction is a big deal also. Going from 120 million to 80 million means 4