Yangarra Resources Ltd.

Yangarra Resources Ltd.

November 08, 2010 16:58 ET

Yangarra Announces Well Results

CALGARY, ALBERTA--(Marketwire - Nov. 8, 2010) - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSX VENTURE:YGR) is pleased to announce the flow test results of it's fourth horizontal well at 13-2-41-7W5 (68.125% working interest (w.i.) plus 15% sliding scale override on the remaining 31.875% w.i.) in the Willesden Green area of Alberta.

The well flowed at rates exceeding 10.0 mmcf/d of natural gas, flowing on a 24/64 choke and flowed at a rate of 2,543 boe/d when the Natural Gas Liquids and oil were calculated in the flow stream. The flow rate was constrained by the size of the testing equipment with flowing pressures increasing throughout period of maximum flow.

The well is currently being equipped for the production phase and is expected to be placed onstream this week.

Natural gas has been converted to a barrel of oil equivalent (boe) using 6,000 cubic feet (6 mcf) of natural gas equal to one barrel of oil (6:1), unless otherwise stated. The boe conversion ration of 6 mcf to 1 bbl is based on an energy equivalency conversion method and does not represent a value equivalency; therefore boe's may be misleading if used in isolation.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

Contact Information

  • Yangarra Resources Ltd.
    James Evaskevich
    (403) 262-9558