Last C$1.19 CAD
Change Today +0.03 / 2.59%
Volume 11.1K
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As of 12:59 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

yangarra resources ltd (YGR) Snapshot

Open
C$1.15
Previous Close
C$1.16
Day High
C$1.20
Day Low
C$1.15
52 Week High
05/8/14 - C$4.17
52 Week Low
12/12/14 - C$0.99
Market Cap
68.7M
Average Volume 10 Days
80.9K
EPS TTM
C$0.31
Shares Outstanding
57.7M
EX-Date
--
P/E TM
3.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for YANGARRA RESOURCES LTD (YGR)

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yangarra resources ltd (YGR) Details

Yangarra Resources Ltd., a junior oil and gas company, explores, develops, and produces resource properties in Western Canada. It has oil and gas interests in 140 sections in Central Alberta; 123 sections in Medicine Hat; and 32 sections in Jaslan, Alberta. As of December 31, 2013, the company produced approximately 3,200 barrels of oil equivalent per day of oil, natural gas, and natural gas liquids, as well as owned approximately 83,582 net acres of undeveloped land. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

yangarra resources ltd (YGR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$192.0K
Chief Financial Officer
Total Annual Compensation: C$162.0K
Vice President of Land
Total Annual Compensation: C$162.0K
Compensation as of Fiscal Year 2013.

yangarra resources ltd (YGR) Key Developments

Yangarra Resources Provides Duvernay Update

Yangarra Resources Ltd. provided an update on the Duvernay drilling operations. The Company drilled its continuation well in the Willesden Green block (7 gross, 7.0 net sections) to a total measured depth of 17,200 feet including a 1.2 mile lateral section. Drilling time from spud to TD was approximately 42 days with an estimated cost of $6 million to drill and case the well with a 4 1/2" lateral section cemented in place. With the drilling of the well, Yangarra has now extended the tenure of the Willesden Green land block to October 2020. In the Pembina block (54.0 gross, 54.0 net sections), the Company acquired a surface location, licensed a Duvernay well, and is formulating a drilling plan to continue the land. Yangarra anticipates, that the knowledge and experience gained drilling the Willesden Green well will assist the Company developing an economical drilling plan, to satisfy the continuation process in the north block land.

Yangarra Resources Ltd. Announces Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production and Capital Expenditure Guidance for the Fourth Quarter of 2014 and Production Guidance for the Full Year of 2014

Yangarra Resources Ltd. announced earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced petroleum & natural gas sales of $14,796,645 compared to $9,372,931 for the same period a year ago. Net income for the period before tax was $10,586,337 compared to $39,646 for the same period a year ago. Net income for the period was $7,967,369 or $0.14 per basic and diluted share compared to $11,330 or $0.00 per basic and diluted share for the same period a year ago. Funds flow generated from operating activities was $9,346,927 or $0.16 per basic and diluted share compared to $6,378,207 or $0.16 per basic and diluted share for the same period a year ago. Cash from generated from operating activities was $8,910,365 compared to $3,683,552 for the same period a year ago. Earnings before interest, taxes, depletion, depreciation and impairment ("EBITDA") was $15.7 million or $0.27 per basic share compared with $4.3 million in the same period of 2013. This represents a 265% increase primarily due to positive non-cash changes in the fair value of commodity contracts. Total capital expenditures were $19.6 million. Net debt, excluding the current portion of the fair value of commodity contracts, was $51.2 million. For the nine months, the company announced petroleum & natural gas sales of $44,117,319 compared to $23,638,701 for the same period a year ago. Net income for the period before tax was $15,610,131 compared to $2,569,798 for the same period a year ago. Net income for the period was $11,538,052 or $0.22 per basic and diluted share compared to $1,834,848 or $0.05 per basic and diluted share for the same period a year ago. Funds flow generated from operating activities was $27,986,980 or $0.52 per basic and diluted share compared to $17,673,078 or $0.44 per basic and diluted share for the same period a year ago. Cash from generated from operating activities was $21,035,219 compared to $16,319,945 for the same period a year ago. For the quarter, the company announced daily production volumes of natural gas of 9,219 mcf/d compared to 6,983 mcf/d for the same period a year ago. Daily production volumes of Oil were 1,004 bbl/d compared to 547 bbl/d for the same period a year ago. Daily production volumes of NGL's was 423 bbl/d compared to 450 bbl/d for the same period a year ago. Total sales were $13,579,979 compared to $9,241,964 for the same period a year ago. Field net backs (operating netback excluding commodity contracts) were $42.33, an increase of 17% from the same period in 2013. Operating netback were $37.20 per boe, an 8% increase from $34.56 per boe reported in the same period of 2013. For the nine months, the company announced daily production volumes of natural gas of 8,038 mcf/d compared to 6,003 mcf/d for the same period a year ago. Daily production volumes of Oil were 1,014 bbl/d compared to 513 bbl/d for the same period a year ago. Daily production volumes of NGL's was 382 bbl/d compared to 361 bbl/d for the same period a year ago. Total sales were $39,883,135 compared to $25,479,809 for the same period a year ago. For the fourth quarter, production is expected to be 3,500 boe/d. The company has $14 million remaining to spend on its $75 million 2014 capital budget in the fourth quarter. For the full year, production is expected to average 3,000 boe/d (a 36% increase from 2013). The company expects year-end 2014 debt of $53 million resulting in a net debt to annualized fourth quarter cash flow ratio of 1.1 to 1.0.

Yangarra Resources Ltd. Announces Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Cash Flow Guidance for the Second Half and Full Year of 2014

Yangarra Resources Ltd. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's petroleum & natural gas sales and royalty income was CAD 14.1 million compared with CAD 7.75 million a year ago. Net income before tax was CAD 3.8 million compared with CAD 2.9 million a year ago. Net income was CAD 2.9 million or CAD 0.05 per basic and diluted share compared with CAD 2.1 million or CAD 0.05 per basic and diluted share a year ago. Funds flow from operating activities was CAD 8.2 million or CAD 0.15 per basic and diluted share compared with CAD 6.5 million or CAD 0.16 per basic and diluted share a year ago. Cash from operating activities was CAD 6.4 million compared with CAD 8.2 million a year ago. Total revenue - net of royalties was CAD 10.9 million compared with CAD 8.5 million a year ago. Earnings before interest, taxes, depletion & depreciation, amortization and changes in the fair value of commodity contracts was CAD 8.6 million, compared with CAD 6.8 million in the same period of 2013. Total capital expenditures were CAD 19.4 million compared with CAD 3.7 million a year ago. For the six months, the company's petroleum & natural gas sales and royalty income was CAD 29.6 million compared with CAD 14.3 million a year ago. Net income before tax was CAD 5.0 million compared with CAD 2.5 million a year ago. Net income was CAD 3.6 million or CAD 0.07 per basic and diluted share compared with CAD 1.8 million or CAD 0.04 per basic and diluted share a year ago. Funds flow from operating activities was CAD 18.6 million or CAD 0.36 per basic and diluted share compared with CAD 11.3 million or CAD 0.03 per basic and diluted share a year ago. Cash from operating activities was CAD 12.4 million compared with CAD 12.6 million a year ago. Total revenue - net of royalties was CAD 19.9 million compared with CAD 13.4 million a year ago. Total capital expenditures were CAD 41.4 million compared with CAD 14.97 million a year ago. For the quarter, the company's natural gas production was 7,306 mcf/d compared with 5,915 mcf/d a year ago. Oil production was 1,003 bbl/d compared with 492 bbl/d a year ago. NGL's production was 309 bbl/d compared with 339 bbl/d a year ago. Total production was 2,606 boe/d compared with 2,005 boe/d a year ago. For the six months, the company's natural gas production was 7,438 mcf/d compared with 5,505 mcf/d a year ago. Oil production was 1,019 bbl/d compared with 497 bbl/d a year ago. NGL's production was 361 bbl/d compared with 315 bbl/d a year ago. Total production was 2,700 boe/d compared with 1,906 boe/d a year ago. The company expects second half production of 3,900 boe/d and cash flow of CAD 26 million, however due to the turn-arounds in the second quarter the full year 2014 production is now forecast to be 3,300 boe/d with cash flow of CAD 47 million.

 

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