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Yangarra's Production Increases Over Year Despite Repairs
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Yangarra Resources Ltd. has announces its financial and operating results for the three and six months ended June 30, 2014 .
Second Quarter Highlights Production for the quarter was 2,606 boe/d (51% oil and NGL's), a 32% increase from the same period in 2013. The production was negatively impacted by turn-around season at various third party facilities in Central Alberta. A total of 60,000 boe (650 boe/d for the quarter) of production, representing almost $3 million of cash flow, was shut in while the various facilities were under repair. Oil and gas sales including royalty income were $14.1 million with funds flow from operations of $8.2 million ( $0.15 per share - basic). This was an 82% and 26% increase from the same period in 2013, respectively with the spread in funds flow from…- ✓ Full news archive — U.S., Canada & international coverage
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