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Yangarra Announces 2021 First Quarter Financial and Operating Results

Yangarra Announces 2021 First Quarter Financial and Operating Results
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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 ini ....

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UK/Canada: i3 Energy announces operational update

UK/Canada: i3 Energy announces operational update
23 Feb 2021
i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced the following interim operational update. The Company intends to provide regular quarterly updates starting with a summary of Q1 to be released in the second half of April 2021.
HIGHLIGHTS
Production remains predictably stable with November 2020 to January 2021 averaging 9,150 boe/d (41% liquids)
The diversified portfolio continues to perform at or above expectations, with forecasted 2021 net operating income (revenue minus royalties, opex, transportation and processing) of approx. CAD $35 million (US $27.6 million) based on mid-February strip pricing, an estimated maintenance capital budget of approx. CAD $3 million and excluding any additional production volumes associated with i3 s recent Noel production test (referenced below) ....

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i3 Energy plc ("i3", "i3 Energy", or the "Company") Operational Update

i3 Energy plc ("i3", "i3 Energy", or the "Company") Operational Update
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