Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2022. During the first quarter of 2022, Yangarra generated funds flow from operations of $39.8 million , while generating net income of $22.7 million . By maintaining a disciplined capital program and only spending $21.3 million, the Company was able to reduce adjusted net debt by $18.3 million. The Company generated [...]
Yangarra Resources Ltd. announces its financials and operating results for the year ended December 31, 2021. Guidance Update Although commodity prices have improved dramatically since Yangarra released its 2022 budget, the Company remains committed to a disciplined one-rig 30 well program, with the balance of free-cash flow generated to be used for debt retirement until the Company achieves its debt targets. At prevailing [...]
Yangarra Resources Ltd. announces financial and operations update and the results of its 2021 year-end oil and gas reserves evaluation. Financial Update Fourth quarter production averaged 10,060 boe/d generating funds flow from operations of $32 million . Capital spending for the fourth quarter of $27 million was higher than previously forecast primarily due to drilling through the Christmas break and additional [...]
Yangarra Resources Ltd. outlines Q4 2021 and 2022 guidance and provides an operations update. Capital Budget & Guidance Yangarra's fourth quarter production guidance is 10,000 boe/d with funds flow from operations of $29 million, assuming an average price of CDN$85.00/bbl for Edmonton par and an average price of CDN$4.00/GJ for AECO natural gas. Fourth quarter capital spending is estimated to be $23 million which will [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and nine months ended September 30, 2021. Third Quarter Highlights Average production of 8,710 BOE/D during the quarter, a 4% increase from the same period in 2020 Sales were $35.9 million, an increase of 90% from the same period in 2020 Funds flow from operations of $24.1 million , an increase of 140% from the same period in 2020 Adjusted [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2021. Second Quarter Highlights Average production of 8,205 boe/d during the quarter, a 17% decrease from the same period in 2020 Oil and gas sales were $28.5 million, an increase of 75% from the same period in 2020 Funds flow from operations of $17.2 million , an increase of 121% from the same period in 2020 [...]
Yangarra Resources Ltd. announces the voting results from its Annual Meeting of shareholders held in Calgary, Alberta on April 29, 2021 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 15, 2021 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 [...]
Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2021. During the first quarter, Yangarra continued its disciplined approach to controlling costs on operations and capital spending by successfully drilling seven wells and completing eight wells below previous guidance on cost estimates. The emphasis on a profitable growth strategy resulted in delays to bringing [...]
Yangarra Resources Ltd. announces its financials, operating results and reserves for the year ended December 31, 2020. 2020 was a volatile year with many challenges for the oil & gas industry in North America. Yangarra quickly responded to COVID-19 in early 2020 by reducing the capital program to zero until August 2020. Although this resulted in a decline in production, the Company worked to streamline operations and [...]
Yangarra Resources Ltd. completes its semi-annual borrowing base review and sets 2021 Capital Budget. Bank Review The syndicated senior credit facility has been confirmed at $210 million. All other terms remain the same. The Company's banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada. Capital Budget As a result of improving macro conditions [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and nine months ended September 30, 2020. Third Quarter Highlights Average production of 8,409 boe/d during the quarter, a 34% decrease from the same period in 2019 Oil and gas sales were $18.9 million, a decrease of 40% from the same period in 2019 Funds flow from operations of $10.0 million , a decrease of 47% from the same period in [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2020. Second Quarter Highlights Average production of 9,875 boe/d during the quarter, a 24% decrease from the same period in 2019 Oil and gas sales were $16.2 million, a decrease of 56% from the same period in 2019 Funds flow from operations of $7.7 million , a decrease of 68% from the same period in 2019 [...]
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