Yangarra Resources Ltd. provided an operations update for the third quarter of 2015. Yangarra's third quarter capital program had significant cost reductions in both drilling and completion operations, as well as earning new lands. One of the company's 1.5 mile horizontal ("HZ") wells drilled in the second quarter, at a cost of $1.3 million, was fracked with 45 stages and 675 tonnes of sand and completed at a cost of $1.2 million. Initial Production over 30 days ("IP-30") was 478 boe/d (including 378 bbls/d of oil). Two additional wells drilled during the second quarter (one 1 mile and one 1.5 mile) are scheduled to be completed in the fourth quarter when crown pipeline right of ways are secured, which are currently delayed by Aboriginal Consultation Office ("ACO") approvals. A 2 mile HZ well drilled in the third quarter was completed early in the fourth quarter and is currently on flow-back after a 61 stage completion with 915 tonnes of sand. The well cost $1.8 million to drill and $1.5 million to complete.

The Company expects fourth quarter 2015 production to average between 2,300 2,600 boe/d with continued TCPL interruptions.