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Stocks in play: Yangarra Resources Ltd.

Baystreet.ca
·1 min read

Announces financial and operations update and the results of its 2022 year-end oil and gas reserves evaluation. Production increased 23% to 11,022 boe/d. Net Debt was reduced by 32% to $134 million PDP NAV per share increased 158% to $4.15/share. PDP additions replaced 267% of 2022 production. Proved reserves value increased by 38% to $1.4 billion. 32% of future drilling locations are booked in the reserve report. Added 2.4 future locations for every location drilled. Yangarra Resources Ltd. shares T.YGR are trading up $0.02 at $2.29.

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