Reserves
Yangarra Touts 5.6 MMBOE in PDP Reserves
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Yangarra Resources Ltd. reported the results of its 2015 year end oil and gas reserves evaluation.
Reserve Report Highlights:Yangarra's 2015 capital program was designed to take advantage of cemented liner technology and extended reach wells with strategic selection of wells to demonstrate the strength of the inventory. These advances were incorporated in the independent reserves report prepared by Deloitte dated February 12, 2016 and effective as of December 31, 2015 ("2015 Reserve Report"), resulting in significantly improved economics throughout our central Alberta land base despite a 40% decrease in Deloitte's US$ WTI forecast in 2016.
The financial and operational information below is based on estimates and are unaudited.
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