YGRAF - Yangarra Resources: Spring Breakup Time Is Over

• Expect drilling and completion activity to ramp up with the end nearing for Spring Breakup.
• Strong commodity prices will likely result in a little more spending than originally planned.
• This company can drill two or even three wells with the same capital in the same fiscal year due to short payback periods.
• Cash flow builds very fast during periods of strong commodity prices due to the short payback periods.
• Location costs are extremely cheap when compared to the very profitable Permian. This provides a huge company profitability advantage.

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