Yangarra Resources (TSE:YGR) has released an update.
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Yangarra Resources Ltd. reported improved drilling efficiency and a positive delineation of new areas in their 2023 year-end results, but faced challenges with declining natural gas prices, leading to a constrained capital program. Heading into 2024, the company aims to focus on debt reduction with a capital budget of $70 million, while maintaining stable production levels and exploring waterflood potential in the Halo Cardium with a pilot project.
For further insights into TSE:YGR stock, check out TipRanks’ Stock Analysis page.
