Brief: Yangarra expects Q4 capital to be about $13 mln

Yangarra Resources

24/01/2017 21:05

Jan 24 (Reuters) - Yangarra Resources Ltd  YGR.TO - 
    * Yangarra provides operations update 
    * Q4 capital is expected to be approximately $13 million, 
bringing total capital spent in 2016 to $31 million 
    * Board of directors has approved an initial capital budget 
of $50 million for 2017 
    * Budget expected to increase annual 2017 production to 
4,500 - 5,000 boe/d with cash flow from operations estimated at 
$45 to $50 million 
    * Production for 2016 averaged approximately 2,930 boe/d 
(23% growth from 2015) with q4 production of 3,100 boe/d (53% 
liquids) 
 
Source text for Eikon:  ID:nCNWSl1LYa  
Further company coverage:  YGR.TO  
 
 ((bangalore.newsroom@thomsonreuters.com;))