Yangarra provides operations update and revises 2012 capital budget
- Yangarra Resources Ltd. provides an operations update and outline revisions to the 2012 capital budget.
The Company continues to advance its Central Alberta focused capital plan and drilled or participated in 6 gross (2.3 net) horizontal wells in the fourth quarter with two operated and one non-operated drilling rigs active.
Current production is approximately 1,700 boe/d with 6 gross (2.05 net) wells (including the two shut in wells) expected on-stream by March 1, 2012 and 2 gross (1.24 net) currently drilling. The Company is forecasting that first quarter production will average between 1,900 boe/d and 2,100 boe/d.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
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