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Yangarra estimates 2,600 boe/d of production in Fourth quarter 2015


Published Jan 8, 2016
Yangarra Resources Ltd.

Yangarra Resources Ltd. says its fourth quarter 2015 production is estimated to be 2,600 boe/d, with two new wells (one 1.0 mile and one 1.5 mile) expected to be on-stream in January once mandatory static gradients are performed.

Yangarra's strong gross profit ('GP') margins from operations (77% GP, Q3 2015) continue despite the low commodity prices. Cash flow netbacks for Q3 were $20.89/boe. The combination of low cost structure and product mix of light sweet oil and liquids rich natural gas, position the Company to remain profitable even if commodity prices decline further from current levels.

Tags: Yangarra Resources Ltd.




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