Exploration & Production | Operational Updates | Reserves | Production Rates | Forecast - Production | Drilling Program
Lower Costs Prompt Continued Drilling for Yangarra
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Yangarra Resources Ltd. has released the results of its 2014 year end oil and gas reserves evaluation, provides an operations update and a 2015 outlook.
Reserve Report Highlights:The financial and operational information below is based on estimates and are unaudited.
Developed producing reserves (PDP) Increased by 48% (30% per share) to 5.8 million boe. Net present value before tax discounted at 10% ("NPV10") is $99.6 million, an increase of 27% compared to 2013. NPV10 per share of $1.79, a 12% increase from 2013. Finding and development costs of $26.36/boe resulting in a recycle ratio of 1.6 times. Replaced 2014 production by 179%. Total Proved reserves (1P) Increased by 117% (91% per share) to 20.5 million boe. NPV10 is $225.4 million, an increase of 53% compared to 2013. NPV10 per…- ✓ Full news archive — U.S., Canada & international coverage
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