Yangarra reported year-end results with production, cash flow, capital expenditures, and net debt all largely as expected, as the Company had provided preliminary year-end estimates in an early January operations update. Recall the Company released its year-end reserve report one month ago as detailed in our Facts dated February 17, 2016. While previously alluding to a cash flow budget for 2016e, Management has put forth more formal guidance, with the Board of Directors approving a $24 mm capita ....
