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Yangarra Details 2021 Capex, Well Plans; Maintenance Production

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   |    Tuesday,December 15,2020

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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