Yangarra Resources Ltd.

Yangarra Resources Ltd. releases the results of the 2018 year end oil and gas reserves evaluation. In 2018, Yangarra drilled 36 wells with a continued emphasis on developing new areas through exploration and further delineation of existing areas. Of the 36 wells drilled, 30 wells were brought on production in 2018 with the remaining 6 wells put on production in early 2019 as oil price differentials improved. As previously [...]

Yangarra Resources Ltd. provides an operations update and outlines 2019 guidance. Operations Update Production for 2018 averaged approximately 9,400 boe/d which is a 64% increase on a production per share basis when compared to 2017, with fourth quarter 2018 production estimated at 12,200 boe/d. The Company drilled 36 horizontal Cardium wells during 2018. Due to wide Edmonton par differentials in the fourth quarter, six [...]

Yangarra Resources Ltd. announces its financial and operating results for the three and nine months ended September 30, 2018. Yangarra continues to delineate its core, bioturbated Cardium acreage and is currently drilling bioturbated wells #54 and #55 with 30 wells drilled to date in 2018. Current production is approximately 12,500 boe/d and the Company expects to drill another 6 wells and tie-in 4 to 5 additional wells [...]

Yangarra Resources Ltd. has completed its semi-annual redetermination of borrowing base and as a result has increased the syndicated senior credit facility to $175 million.  The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada. All reference to $ are in Canadian dollars. Neither the TSX nor its Regulation Service Provider accepts [...]

 Yangarra Resources Ltd. announces its financial and operating results for the three and six months ended June 30, 2018. Second Quarter Highlights Reached 10,000 boe/d of production at the end of the quarter. Average production of 7,570 boe/d during the quarter an increase of 1% from the first quarter of 2018 and 33% increase from the same period in 2017.    Oil and gas sales were $29.9 million, an increase of 53% from [...]

CALGARY, June 28, 2018 /CNW/ - Yangarra Resources Ltd. provides an operations update. The Company commissioned its 100% owned  Ferrier West facility on June 26th, which has increased current production to more than 10,000 boe/d. The Ferrier West facility includes 20 mmcf/d of compression and a 5,000 bbl/d oil treating facility. The facility was constructed in 35 days with costs of $3 million for the compression facility [...]

CALGARY, May 10, 2018 /CNW/ - Yangarra Resources Ltd. announces the voting results from its Annual Meeting of shareholders held in Calgary, Alberta on May 10, 2018 . Each of the matters voted on at the Meeting is outlined in the Information Circular dated March 29, 2018 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 [...]

CALGARY, May 9, 2018 /CNW/ - Yangarra Resources Ltd. announces its financial and operating results for the three months ended March 31, 2018. First Quarter Highlights Production of 7,507 boe/d , an increase of 12% from the fourth quarter of 2017.    Oil and gas sales were $29.7 million with funds flow from operations of $18.6 million .  Adjusted EBITDA was $18.7 million . Net income of $5.7 million or $8.0 million net [...]

CALGARY, April 6, 2018 /CNW/ - Yangarra Resources Ltd. has increased the syndicated senior credit facility to $150 million. The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada. All reference to $ are in Canadian dollars. Neither the TSX nor its Regulation Service Provider accepts responsibility for the adequacy and accuracy of this release [...]

CALGARY, March 8, 2018 /CNW/ - Yangarra Resources Ltd. announces its financial and operating results for the year ended December 31, 2017. 2017 Highlights Average production of 5,740 boe/d, an increase of 93% from 2016.   Oil and gas sales were $77.9 million with funds flow from operations of $52.9 million .  Adjusted EBITDA was $54.5 million . Net income of $19.5 million or $27.3 million before tax. Operating costs were [...]