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Last C$1.16 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:59 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

yangarra resources ltd (YGR) Snapshot

Open
C$1.28
Previous Close
C$1.16
Day High
C$1.28
Day Low
C$1.15
52 Week High
07/3/14 - C$3.98
52 Week Low
01/29/15 - C$0.87
Market Cap
78.5M
Average Volume 10 Days
114.6K
EPS TTM
C$0.24
Shares Outstanding
67.7M
EX-Date
--
P/E TM
4.8x
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, 2014, the company owned approximately 97,460 gross acres of undeveloped land. Yangarra Resources Ltd. is headquartered in Calgary, Canada.

19 Employees
Last Reported Date: 03/19/15

yangarra resources ltd (YGR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$216.0K
Chief Financial Officer
Total Annual Compensation: C$180.0K
Vice President of Operations
Total Annual Compensation: C$195.0K
Vice President of Land
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2014.

yangarra resources ltd (YGR) Key Developments

Yangarra Resources Ltd. Provides an Operations Update on Cemented Liner and Drilling Operations

Yangarra Resources Ltd. provided an operations update on cemented liner and drilling operations. Yangarra drilled two Cardium wells (1 mile laterals) in 2015 from the same surface pad using cemented liner and sliding sleeves, the first as an 18 stage well and followed up with a 30 stage well. Initial production for the first 30 days ("IP 30") was 158 boe/d and 190 boe/d (both 91% oil), respectively, which is approximately a 25% and 50% improvement over 18 stage ball drop systems in the immediate area. The company's half cycle rates of return on type wells in 41-07W5M area of Willesden Green are now greater than 55% with payouts of less than 1.5 years (based on current strip commodity pricing), due to the lower service costs and incremental production from the cemented liners. The 41-07W5M area of Willesden Green have the lowest half cycle IRRs in Yangarra's portfolio of greater than 350 future drilling locations; however, the access to infrastructure in the area allows the wells to generate competitive full cycle rates of return. With the cemented liner technology, Yangarra is now comfortable drilling extended reach wells and recently drilled and cased its first 1.5 mile (4,320 m measured depth) Cardium earning well. The 1.5 mile well was drilled and cased in 12.9 days (spud to rig release) at a cost of $1.4 million as a result of the knowledge gained from the first two cemented liner wells, lower service costs, improved drilling mud motors, and better drill bit selection. The company plans to complete (45 stages) and tie in the well early in the third quarter. As expected, the TCPL rotating pipeline shut-ins have continued throughout the second quarter and the Company will provide an update on the effect of the outages on production after June 30, 2015.

Yangarra Resources Ltd. Announces Financial and Operating Results for the First Quarter Ended March 31, 2015

Yangarra Resources Ltd. announced financial and operating results for the first quarter ended March 31, 2015. For the quarter, the company’s net before tax income was $1,367,312 against $1,202,068 a year ago. Net income per diluted share was $0.02 against $0.01 a year ago. Funds flow from operating activities was $9,391,354 or $0.16 per diluted share against $10,459,692 or $0.21 per diluted share a year ago. EBITDA was $9,800,000 or $0.17 per basic share or $5,600,000 including changes in commodity contracts or $0.10 per basic share. Oil and gas sales, after royalties, were $12,300,000, represents a 11% decrease from the same period in 2014 due to reductions in commodity pricing partially offset by realized hedging. Net income was $900,000. Net debt, excluding the current portion of the fair value of commodity contracts, was $59,600,000. Total revenue - net of royalties was $8,086,413 against $8,944,399 a year ago. Additions to property and equipment was $9,240,302 against $78,125,708 a year ago. For the quarter, the company reported production of natural gas of 8,717 mcf/d against 7,572 mcf/d a year ago. Oil was 783 bbl/d against 1,036 bbl/d a year ago. NGL's was 363 bbl/d against 413 bbl/d a year ago.

Yangarra Resources Ltd. Expands Credit Facility

Yangarra ResourcesLtd. announced that it has entered into amended and restated credit facility agreements with Alberta Treasury Branches which now consists of an $80 million senior line (previously $70 million) and a $10 million subordinated debt facility. The next review is scheduled for May 31, 2016.

 

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Industry Average

Valuation YGR Industry Range
Price/Earnings 3.0x
Price/Sales 1.7x
Price/Book 0.5x
Price/Cash Flow 2.2x
TEV/Sales -- Not Meaningful
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