Yangarra Resources (TSE:YGR) has released an update.
Yangarra Resources Ltd. has reported a 19% decrease in funds flow from operations in Q1 2024 compared to the same period last year, with adjusted net debt reduced by $9.5 million. The company’s oil and gas sales dropped by 18%, with a net income fall of 39%, amidst an average production decline of 10%. Despite these challenges, Yangarra remains focused on reducing bank debt to $80 million and has confirmed a $130 million credit facility with extended repayment terms.
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