Brief: Yangarra Resources Says Q4 Production Guidance Is 10,000 BOE/d

Yangarra Resources

01/12/2021 12:26

Dec 1 (Reuters) - Yangarra Resources Ltd  YGR.TO :
    * YANGARRA RESOURCES LTD - Q4 PRODUCTION GUIDANCE IS 10,000
BOE/D
WITH FUNDS FLOW FROM OPERATIONS OF $29 MILLION
    * YANGARRA RESOURCES - Q4 CAPITAL SPENDING IS ESTIMATED TO
BE $23
MILLION WHICH WILL RESULT IN $6 MILLION OF DEBT REPAYMENT BEFORE
YEAR-END
    * YANGARRA RESOURCES - BOARD APPROVED CAPITAL BUDGET OF $105
MILLION FOR 2022, WHICH INCLUDES DRILLING OF 30 GROSS WELLS
    * YANGARRA RESOURCES - 2022 BUDGET EXPECTED TO INCREASE
ANNUAL
2022 AVERAGE PRODUCTION TO 12,000 BOE/D WITH FUNDS FLOW FROM
OPERATIONS ESTIMATED AT $130 MILLION

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

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