Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2021
Yangarra Details 2021 Capex, Well Plans; Maintenance Production
Yangarra Resources Ltd. reported its 2021 capital plans as well as the results of its recent credit line review.
2021 Plans
Capital Budget: $60 million
Production: 10,000 BOEPD (flat YOY)
Well Plans: Drill & complete 17 wells for 2021
All reference to $ (funds) are in Canadian dollars unless otherwise noted.
Credit Facility Reaffirmed at $210MM
The syndicated senior credit facility has been confirmed at $210 million. All other terms remain the same.
The Company’s banking syndicate is led by Alberta Treasury Branches and includes the Canadian Imperial Bank of Commerce and National Bank of Canada.
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Capital Expenditure - 2021
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