Yangarra Resources Ltd. has completed its annual borrowing base review and the syndicated senior credit facility has been confirmed at $210 million of which the Company was drawn approximately $195 million. The term out date has been extended to May 28, 2021 and the maturity date has been extended to May 28, 2022. The only changes to terms and conditions are to the interest rate grid and the elimination of the Company's [...]
Yangarra Resources Ltd. announces the voting results from its Annual and Special Meeting of shareholders held in Calgary, Alberta on April 30, 2020 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 13, 2020 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 [...]
Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2020. Annual General and Special Meeting of Shareholders The Company's Annual General and Special Meeting of Shareholders is scheduled for 10:00 AM on Thursday April 30, 2020. As a precaution due to the COVID-19 pandemic, there will not be a corporate presentation at the conclusion of the meeting and the following [...]
Yangarra Resources Ltd. provides an operations update. As a result of the COVID-19 pandemic, Yangarra has implemented a number of actions to reduce the risk of spread amongst our valuable employee team. The Company's Calgary office has been reduced to two people with the remainder of the team working remotely to ensure the business continues to function and our people stay safe. In the field, Yangarra has implemented [...]
Yangarra Resources Ltd. announces its financial and operating results for the year ended December 31, 2019. 2019 Highlights Average Production of 12,572 boe/d an increase of 33% from 2018 Oil and gas sales were $145 million with funds flow from operations of $92 million Adjusted EBITDA was $95 million , with adjusted EBITDA margins of 66% Net income of $43 million or $48 million before tax, resulting in a net income [...]
Yangarra Resources Ltd. releases operations update and the results of its 2019 year end oil and gas reserves evaluation. Operations Update In 2019 Yangarra achieved several key milestones, including the construction of a 100% owned gas plant, the doubling of capacity on one of its existing gas plants, the addition of a new core area and additional ESG initiatives that will benefit Yangarra shareholders from 2020 onwards [...]
Yangarra Resources Ltd. announces Toronto Stock Exchange Approval of a Normal Course Issuer Bid . Pursuant to the NCIB, Yangarra may purchase for cancellation up to 4,268,152 common shares of Yangarra, representing approximately 5% of its 85,363,059 issued and outstanding Shares as at November 25, 2019. The total number of Shares that Yangarra is permitted to purchase is subject to a daily purchase limit of 58,819 Shares [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and nine months ended September 30, 2019. Third Quarter Highlights Average production of 12,724 boe/d during the quarter, a decrease of 2% from the second quarter of 2019 and a 23% increase from the same period in 2018. Oil and gas sales were $31.6 million, a decrease of 30% from the same period in 2018, due to a 43% reduction in the [...]
Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2019. Second Quarter Highlights Average production of 13,032 boe/d during the quarter, an increase of 9% from the first quarter of 2019 and a 72% increase from the same period in 2018. Oil and gas sales were $36.5 million, an increase of 22% from the same period in 2018. Funds flow from operations of $24.4 [...]
CALGARY, May 9, 2019 /CNW/ - Yangarra Resources Ltd. announces the voting results from its Annual Meeting of shareholders held in Calgary, Alberta on May 9, 2019 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated April 5, 2019 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 [...]
Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2019. First Quarter Highlights Average production of 11,956 boe/d during the quarter, a decrease of 2% from the fourth quarter of 2018 and a 59% increase from the same period in 2018. Oil and gas sales were $39.9 million, an increase of 34% from the same period in 2018. Funds flow from operations of $27.7 [...]
Yangarra Resources Ltd. announces that Patricia C. Olynyk has been appointed to the role of Vice President, Finance of the Corporation. Ms. Olynyk has over 20 years of experience in the oil & gas industry in Calgary, she has held the role of Controller at Yangarra since 2005 and prior to Yangarra was at various other oil and gas companies in roles with increasing seniority. Ms. Olynyk has been instrumental in running [...]
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