Yangarra Resources Ltd.
Other OTCCapital Structure
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in mil. unless spec.- CEO
- James G. Evaskevich
- Full Time Employees
- 59
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 715-5th Avenue SW Calgary AB Canada T2P 2X6
- IPO Date
- Aug 3, 2012
- Website
- yangarra.ca
- Similar Companies
- Business
- Yangarra Resources Ltd. is a Calgary-based junior oil and gas company founded in 1985 and headquartered at Suite 1530, 715-5th Avenue S.W., that acquires, explores, develops and produces conventional oil, natural gas and natural gas liquids (NGLs) primarily from its Cardium formation assets in Central Alberta within the Western Canadian Sedimentary Basin; key operating areas include O'Chiese, Willesden Green, Ferrier, Cow Lake, Chambers and Chedderville, where it holds extensive infrastructure and approximately 113,000 gross undeveloped acres supporting average production of around 11,000-12,000 boe/d with oil and NGLs comprising roughly 73% of revenues. The company targets the bioturbated halo zone of the Cardium package alongside potential in Belly River, Mannville, Glauconitic and Duvernay formations, employing a strategy of selective land acquisitions, exploratory and development drilling to drive sustainable per-share growth in cash flows and net asset value while operating as the primary operator on its properties to control costs and maximize working interests. Recent developments include the December 2024 announcement of a $55-60 million 2025 capital budget to maintain flat production at 11,250-11,750 boe/d while generating $30 million in free cash flow at assumed WTI oil prices of USD $68/bbl and AECO gas at CDN $2.00/GJ; completion of a complementary farm-in deal for 11 contiguous sections in Chambers adding up to 50 tier-one drilling locations spanning Cardium and Belly River rights, requiring two wells in 2025 to earn the lands; re-determination of its syndicated senior credit facility at $130 million following a semi-annual bank review with the next review set for May 2025; and ongoing operations bringing eight new wells online in Q4 2024 alongside two drilled but uncompleted wells slated for January 2025 completion.
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