Yangarra Resources Ltd T.YGR

Late govy reporting

[kavern23]

Still no Julyproduction numbers available.  Boring time. Usually our by 18th day of month.
still looking like things are not greatest in central Alberta as i3 energy sure sold cheap.

i think i3 energy merged cause they need capital to develop their montney simmonnette field and with low aeco...i3 central Alberta assets were not going to produce enough cf to do it.

Once whitecap and obsidian Pembina partnership part of cardium is drilled up I see wcp selling out.
Wcp is just milking easy money.  So far 14 wells are all going to do 100k-120k barrels of oil in first 20-32 months of production. If you can average 15m dollars in revenue in first 2 years if a well and it costs even 5m to drill and tie in that is hugely profitable.
wcp is just smarter than how arc or ridgeback sold their cardium assets, drill the easy high return spots first and milk the fcf.

Mergers are coming though in cardium

[fullyautomatic]

Hey Kav, I've been way out of the loop but your post here on the ITE sale.... didn't even see this til you mentioned GTE oh boy that is a sketchy one. I pulled a few fast trips white knuckling that stock back in the day.  Not very good news that ITE couldn't sell to a decent operator. This sale has disaster written all over it for GTE. Weird one for sure.

[kavern23]

Actually brutal news what  I3 sold for when one looks at I3's simmonette drilling in 2022...production data for almost 2 years already and i3 is in a sweet spot pocket that they are too broke to drill up. I3 energy spots are better than logans in simmonette. Problem is montney is so variable in results but I3 would have 15-20 smokin good montney spots. One well is at 246,000 barrels

[cfliesser]

I3 was broke. Thought they might just go under. so good news for shareholders.

[margaritaman]

You know your situation is bad when getting taken out by GTE is viewed as a good thing.  : )