Yangarra Resources Ltd. Provides Operations Guidance for the Fourth Quarter and Full Year of 2016
The company's corporate strategy for 2016 in the current commodity environment is to maintain 2,500 2,750 boe/d while spending within cash-flow. The future growth focus continues to be on Cardium land accumulation and concentrating ownership in existing properties while commodity prices are low. The 2016 drilling program will be weighted toward the second half with first half expenditures primarily weighted to inventory accumulation.