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Yangarra Resources (YGR.v)

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By Bobwins

Posted: Wednesday Apr 23 6:32:35AM 2014

YGR.v   C$1.24  will be dropping today.  


CALGARYApril 23, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces  it has entered into an equity financing agreement, on a bought deal basis, led jointly by AltaCorp Capital Inc. and Clarus Securities Inc., with AltaCorp Capital Inc. as sole book-runner.  The full syndicate also includes Dundee Capital Markets, Acumen Capital Finance Partners Limited, Industrial Alliance Securities Inc. and Paradigm Capital Inc. (collectively, the "Underwriters").

Under the terms of the agreement Yangarra will issue 22,727,500 common shares ("Common Shares") at a price of $1.10 per Common Share for gross proceeds of $25,000,250.  The Underwriters will also have the option, exercisable in whole or in part, to acquire up to an additional 2,272,750 Common Shares at a price of $1.10 per Common Share at any time from closing of the Offering and ending 30 days following the closing date for additional gross proceeds of up to $2,500,025.

The financing is expected to close on or about May 15, 2014 and is subject to approval of the TSX Venture Exchange, receipt of all necessary regulatory approvals and other customary conditions.

Proceeds of the common share offering will be used by Yangarra to increase its 2014 capital budget from $50 million to $75 million.

By Bobwins

Posted: Thursday Apr 17 7:45:00AM 2014

YGR.v  +.06 to C$1.08  on 1.73million after only an hour!  

By Bobwins

Posted: Wednesday Apr 16 12:31:19PM 2014

YGR.v  +.07 to C$1 on 7.29 million shares traded!!!!

Wow.  No news that I can find.  Obviously somebody is accumulating little Yangarra!  

By rodball

Posted: Thursday Apr 3 4:08:48PM 2014

Bobwins, I believe it was 0.02 / share in earnings and 0.21 / share in cash flow. Have a good night. Anyone else find the questions to log on and post somewhat challenging?

By Bobwins

Posted: Thursday Apr 3 3:01:27PM 2014

Should have added more to Yangarra holdings.  +.09 to C$.99 on 1.8 million volume.  Somebody is accumulating YGR.


Earned .22eps for 2013.  Avgd 2200+ boepd.  Currently 2800boepd.  Lots of upside with Cardium land to drill now and potential Duvernay land for future drilling. 



By Bobwins

Posted: Monday Mar 31 5:43:09AM 2014

This was part of a recent PR from CEO.  Notice the huge land position in the Cardium and Duvernay that is not accounted for in the NPV, especially the Duvernay land value of 2 to 4,000 per acre.

According to Yangarra's 2013 year end engineering report the Company is valued at $1.40 per share (2P (pre-tax) at PV 10, net of debt). The financing late last year provided the necessary liquidity to achieve the outstanding reserve additions generated by the Company in the fourth quarter of 2013. There is significant additional intrinsic value not booked in the reserve report in our 53,000 acres (including farm-in acreage) of undeveloped Cardium and Glauconite land and for our 39,040 acre net Duvernay land position. 

TD Bank recently opined that liquids rich Duvernay lands may be worth $2,000 - $4,000 per acre in Pembina/Willesden Green which positions our shareholders with great option value in this rapidly developing play. Yangarra has recently retained the services of two experienced shale professionals to develop the asset with plans in progress to drill a vertical strata-graphic test well. 


By Bobwins

Posted: Tuesday Mar 25 9:53:23AM 2014

YGR.v  +.03 to C$.90  869K volume...   Somebody knows something.  Guess I should have bought more but I've owned YGR.v  a couple of times before and the snooze alarm kept going off.  These are conservative operators and maybe they are finally getting paid off for their penny pinching ways.  Capital is hard to get for juniors and yet these guys have gathered some oil acreage and the recent bump in ngas prices should help their cashflow as well.  

By Bobwins

Posted: Friday Mar 21 11:43:23AM 2014

YGR.v  +.04 to C$.87   more volume with close to 500K traded so far today.  Someone on Stockhouse mentioned that insiders have been buying in late 2013.  Production in early 2014 was 3300boepd.  Everything seems to be coming together for this conservative operator.  Very cost conscious and plenty of Cardium drill sites. 

Yangarra will drill it's first long reach horizontal well after spring breakup.  1 to 2 mile horizontals should produce IP's in the 1,000bpd range.  Yangarra could be getting ready for explosive production growth. 

By Bobwins

Posted: Thursday Mar 20 10:12:56AM 2014

ygr.v +.04 to C$.83 over a million shares traded, which is heavy volume for yangarra. must be anticipation that YGR will report a big Q4. The most attractive thing about YGR is their focus on cost controls. Many juniors have had a spend big attitude until money got tight. YGR has always been very conservative with their financing and drill programs. They have good oil wells to drill and have done so without running up a bunch of debt.

By rodball

Posted: Friday Mar 7 8:26:12AM 2014

Yangarra hitting 52 week highs recently.  It's risen quite nicely since Bobwins posted about it here (about 0.20 ago).  Thanks, Bobwins.  No recent news from the company..anticipation of year ends?

Hawk Exploration (HWK.a) has also hit new highs, though on very low volume.  I played this one by buying the class B shares which seem to trade at a perpetual discount to the A shares, accounting for conversion.  Each B share will be converted for 10 A shares (June, I believe).  A shares currently at 0.46.  B shares at approximately $4.30.

Have a good weekend.

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