Brief: Yangarra Resources Ltd Reports Quarterly Average Production Of 12,724 BOE/d

Yangarra Resources

30/10/2019 20:14

Oct 30 (Reuters) - Yangarra Resources Ltd  YGR.TO :
    * YANGARRA ANNOUNCES THIRD QUARTER 2019 FINANCIAL AND
OPERATING
RESULTS
    * YANGARRA RESOURCES LTD - AVERAGE PRODUCTION OF 12,724
BOE/D (54%
LIQUIDS) DURING QUARTER, A DECREASE OF 2% FROM Q2 OF 2019
    * YANGARRA RESOURCES LTD QTRLY OIL AND GAS SALES WERE $31.6
MILLION, A DECREASE OF 30% FROM SAME PERIOD IN 2018
    * YANGARRA RESOURCES LTD QTRLY FFO PER SHARE $0.22
    * YANGARRA RESOURCES - BOARD OF DIRECTORS APPROVED CAPITAL
BUDGET
OF $120 MILLION FOR 2020 PREDICATED ON AN AVERAGE PRICE OF
CDN$66.50/BBL FOR EDMONTON PAR
    * YANGARRA RESOURCES LTD- SEES TOTAL SALES $32.0 MILLION
VERSUS
41.7 MILLION
    * YANGARRA RESOURCES - BUDGET IS EXPECTED TO INCREASE
COMPANY'S
ANNUAL 2020 PRODUCTION TO 14,000 - 15,000 BOE/D AND BE CASH FLOW
NEUTRAL

Source text for Eikon:  ID:nCNWl1cxka 
Further company coverage:  YGR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))