Yangarra Announces 2021 First Quarter Financial and Operating Results News provided by Share this article Yangarra Resources Yangarra" or the " Company") (TSX: YGR) announces its financial and operating results for the three months ended March 31, 2021. During the first quarter, Yangarra continued its disciplined approach to controlling costs on operations and capital spending by successfully drilling seven wells and completing eight wells below previous guidance on cost estimates. The emphasis on a profitable growth strategy resulted in delays to bringing these wells on stream as the Company purposefully maximized use of company owned services to minimize costs. As of April, all the wells completed in the first quarter are on production. Yangarra's focus on cost reduction has established a cost base that will allow for significant improvements on profitability into the future. The Company expects these profits will maximize free cash flow which will initially reduce debt and ultimately translate into returns to shareholders.