Yangarra Resources Ltd. provides an operations update, announces an increase to its credit facility and files its Annual Information Form.

Operations Update Yangarra’s new Ferrier gas processing facility (100% working interest), constructed under budget and ahead of schedule, was put into service April 10, 2013. The Company’s facility is currently ramping up to its full capacity of 12 mmcf/d with six of eight standing wells now on-stream. Current Company production is approximately 2,500 boe/d.

First quarter production is expected to average 1,800 boe/d, with approximately 200 boe/d shut in due to the drilling of new wells on existing pad sites. The Company expects minimal capital expenditures during Q2 2013 with the contracted drilling rig racked for breakup.

Tags: Yangarra Resources Ltd.