Brief: Yangarra Says Q4 Production Estimated At 6,700 BOE/D

Yangarra Resources

16/01/2018 21:00

Jan 16 (Reuters) - Yangarra Resources Ltd  YGR.TO : 
    * YANGARRA PROVIDES OPERATIONS UPDATE AND 2018 GUIDANCE 
    * YANGARRA RESOURCES LTD - PRODUCTION FOR 2017 AVERAGED 
ABOUT 
5,750 BOE/D, 91% INCREASE ON A PRODUCTION PER SHARE BASIS 
    * YANGARRA RESOURCES LTD - Q4 CAPITAL IS EXPECTED TO BE 
ABOUT $30 
MILLION 
    * YANGARRA RESOURCES LTD - Q4 CASH FLOW IS EXPECTED TO BE 
$15 
MILLION RESULTING IN YEAR-END NET DEBT OF APPROXIMATELY $95 
MILLION 
    * YANGARRA RESOURCES LTD - DECEMBER 2017 PRODUCTION AVERAGED 
ABOUT 
7,500 BOE/D (62% LIQUIDS) WITH Q4 PRODUCTION ESTIMATED AT 6,700 
BOE/D 
    * YANGARRA RESOURCES LTD - COMPANY'S BOARD OF DIRECTORS HAS 
APPROVED AN INITIAL CAPITAL BUDGET OF $90 MILLION FOR 2018 
    * YANGARRA RESOURCES LTD - CAPITAL BUDGET IS EXPECTED TO 
INCREASE 
CO'S ANNUAL 2018 PRODUCTION TO 9,000 - 10,000 BOE/D 
 
Source text for Eikon:  ID:nCNW5yRfBa  
Further company coverage:  YGR.TO  
 
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