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Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on... see more

TSX:YGR - Post Discussion

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Post by kavern23 on Dec 22, 2024 9:54pm

Q1 2025

Any guesses on what q1 capex is?
I would think drill 6 wells and complete 8 wells with 2 carry forwards from 2024 December drilling.

On social media they posted they made a fairly large lease well pad on the new jv land south down on other side of river in chambers.
so rigs likely go here in Jan to drill at least 2 wells and then back up to drill 4 on other side in chambers either belly or cardium wells.

they should be able to do this for 20m or less. They don't have to spend a pile of capital on well leases, just this one and in chambers they can continue drilling on existing pads.

company seems to have really improved on captial effiency to hold production rates and it really started once they start drilling large amount of wells per pad in chambers.
maybe q2 being a low drill season they do some infrastructure spend in chambers.

be nice to know more about jv terms.
Comment by kavern23 on Dec 22, 2024 10:07pm
Taqa is riding out this ng glut with belly river wells and high liquids glaucy in Caroline. taqa is drilling 5 belly wells in ferrier this fall and all are very long distance. new pad ygr made on jv land looks to have 7 cardium licenses but I expect to see belly well licenses after they build more infrascruture. Obe isn't drilling in cardium right now in play oil looks to have a rig ...more  
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