Brief: Yangarra Resources says Q4 production fell 14 pct to 2,624 boe/d

Yangarra Resources

16/03/2016 20:17

March 16 (Reuters) - Yangarra Resources Ltd  YGR.TO  
    * Yangarra announces 2015 year end financial and operating 
results 
    * Budget is expected to increase company's annual production 
to 2,750 - 3,000 boe/d with cash flow from operations estimated 
at $22 million 
    * Qtrly adjusted ebitda, which excludes changes in 
derivative financial instruments, was $4.5 million 
    * Q4 2015 production of 2,624 boe/d is a decrease of 14% 
    * Board of directors has approved an initial capital budget 
of $24 million in 2016 
 
Source text for Eikon:  ID:nCNWPtzmja  
Further company coverage:  YGR.TO  
 
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