26 Oct 2015
Yangarra Resources Provides Operations Update, TCPL Restrictions Continue to Take Toll on Sales Volumes
Yangarra provided an operations update with 2H15e production volumes coming in short of our expectations as the Company continues to work through ongoing TCPL restrictions in the region. That said, operationally the Company looks strong with significant cost reductions in both drilling and completions hitting the tape, and promising results from its latest 1.5 mile horizontal Cardium well, which should bode well for future development of the play.
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Yangarra Resources Provides Operations Update, TCPL Restrictions Continue to Take Toll on Sales Volumes
Yangarra Resources Ltd. (YGR:TSE) | 0 0 -0.4% | Mkt Cap: 405.3m
- Published:
26 Oct 2015 -
Author:
Michael Hearn - Pages:
Yangarra provided an operations update with 2H15e production volumes coming in short of our expectations as the Company continues to work through ongoing TCPL restrictions in the region. That said, operationally the Company looks strong with significant cost reductions in both drilling and completions hitting the tape, and promising results from its latest 1.5 mile horizontal Cardium well, which should bode well for future development of the play.