Brief: Yangarra Resources Says Quarterly Oil And Gas Sales Were $36 Mln, up 19%

Yangarra Resources

05/03/2020 22:00

March 5 (Reuters) - Yangarra Resources Ltd  YGR.TO :
    * YANGARRA ANNOUNCES 2019 YEAR END FINANCIAL AND OPERATING
RESULTS
    * AVERAGE PRODUCTION OF 12,568 BOE/D (45% LIQUIDS) DURING
QUARTER,
A DECREASE OF 1% FROM Q3 OF 2019
    * QTRLY OIL AND GAS SALES WERE $36 MILLION, AN INCREASE OF
19%
    * QTRLY FUNDS FLOW FROM OPERATIONS $0.25 PER SHARE
    * 2020 CAPITAL BUDGET AND GUIDANCE HAVE NOT FORMALLY CHANGED
    * YANGARRA RESOURCES- Q1 CAPITAL SPENDING AND PRODUCTION
WILL BE
LOWER THAN ORIGINALLY FORECAST DUE TO YANGARRA'S RESPONSE TO
LOWER COMMODITY PRICING
    * Q1 CAPITAL SPENDING AND PRODUCTION WILL BE LOWER THAN
ORIGINALLY
FORECAST DUE TO YANGARRA'S RESPONSE TO LOWER COMMODITY PRICING
    * YANGARRA RESOURCES- COMPANY REMAINS COMMITTED TO BEING
CASH FLOW
NEUTRAL THEREFORE 2020 CAPITAL SPENDING WILL BE DEPENDENT UPON
COMMODITY PRICES

Source text for Eikon:  ID:nCNWJFn6Xa 
Further company coverage:  YGR.TO 

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