Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2023. Operations Update Yangarra drilled six wells and completed five wells during the quarter. The drilling rig was shut down for five weeks due to wet conditions during breakup. The Company also elected to delay the completion of a five-well pad by four weeks. This delay decreased water pumping costs by $1.2 [...]
CALGARY, AB, May 19, 2023 /CNW/ - Yangarra Resources Ltd. provides an operations and banking update. Operations Update Yangarra commenced drilling operations at Chedderville in early May, with six wells planned. Completions activity is expected to restart in late May at West Ferrier with an on-stream target of early June on five wells. Following the successful completion of the three initial wells at Chambers, Yangarra [...]
Yangarra Resources Ltd. announces the voting results from its Annual and Special Meeting of shareholders held in Calgary, Alberta on April 27, 2023 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 13, 2023 and is available on SEDAR at www.sedar.com. The voting results for each matter presented at the Meeting are below: Fixing Number of Directors A resolution asking [...]
CALGARY, AB, April 27, 2023 /CNW/ - Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2023. Operations Update Yangarra drilled eight and completed nine wells during the first quarter of 2023 and exited Q1 with five drilled but uncompleted wells. Included in the Q1 completion program were three wells in the new Chambers area, along with the full commissioning of a 15 [...]
Yangarra Resources Ltd. announces the closing of its recently announced bought deal equity financing, completed by way of a short form prospectus, for the sale of 6,791,440 common shares issued on a flow-through basis in respect of Canadian development expenses at a price of $2.54 per FT Share, including the full exercise of the over-allotment option granted to the underwriters, for aggregate gross proceeds of $17,250,258 [...]
Yangarra Resources Ltd. announces it has entered into an equity financing agreement, on a bought deal basis, with a syndicate of underwriters led by ATB Capital Markets Inc. and CIBC Capital Markets. Under the terms of the agreement, Yangarra will issue an aggregate of 5,905,600 common shares to be issued on a flow-through basis in respect of Canadian development expenses at a price of $2.54 per CDE FT Share. Yangarra has [...]
Yangarra Resources Ltd. announces its financial and operating results for the year ended December 31, 2022. 2022 Highlights Average production of 11,022 boe/d , an increase of 23% from 2021 Oil and gas sales of $243 million, an increase of 73% from 2021 Funds flow from operations of $177 million an increase of 95% from 2021 Adjusted EBITDA of $187 million Net income of $106 million , resulting in an income margin of 44 [...]
Yangarra Resources Ltd. announces financial and operations update and the results of its 2022 year-end oil and gas reserves evaluation. 2022 Fiscal Year Update Highlights Production increased 23% to 11,022 boe/d Net Debt was reduced by 32% to $134 million PDP NAV per share increased 158% to $4.15/share PDP additions replaced 267% of 2022 production Proved reserves value increased by 38% to $1.4 billion 32% of future [...]
Yangarra Resources Ltd. outlines 2023 guidance and provides a banking update. Capital Budget & 2023 Guidance The Company's Board of Directors has approved a capital budget of $125 million for 2023, which includes the drilling of 33 wells which will keep one drilling rig fully utilized for the year. The budget is expected to increase the Company's annual 2023 average production to 13,000 boe/d with funds flow from [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and nine months ended September 30, 2022. During the third quarter of 2022, Yangarra generated funds flow from operations of $45.6 million , while generating net income of $27.9 million . The Company was able to reduce adjusted net debt by $8 million. The Company generated $11.57/boe of free funds flow. Third Quarter Highlights Funds flow [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2022. During the second quarter of 2022, Yangarra generated funds flow from operations of $50.0 million , while generating net income of $30.6 million . By maintaining a disciplined capital program, the Company was able to reduce adjusted net debt by $23.1 million. The Company generated $24.02/boe of free [...]
Yangarra Resources Ltd. announces the voting results from its Annual Meeting of shareholders held in Calgary, Alberta on April 28, 2022 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 14, 2022 and is available on SEDAR at www.sedar.com. The voting results for each matter presented at the Meeting are below: Fixing Number of Directors A resolution asking shareholders to fix [...]
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