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Yangarra Resources Ltd.
YGRAFEnergyOTCCA
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CALGARY, Alberta, June 02, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd. (TSX:YGR) ("Yangarra" or the "Company") today announced a meaningful expansion of its 2026 capital program and an increase to its syndicated credit facility, reflecting strong early performance from its redesigned Belly River development program and positioning the Company for enhanced oil weighting on production, stronger cash flow generation, and sustained value creation.
Yangarra Resources is leveraging its agility to capitalize on rising commodity prices by accelerating high-return Belly River well development. YGRAF is increasing debt to expedite bringing its most profitable wells online. Belly River wells boast a 143% IRR at $70 WTI; with oil above $90, profitability is exceptionally robust.
CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSX:YGR) announces the voting results from its Annual Meeting of shareholders held in Calgary, Alberta on May 1, 2026 (the “Meeting”).
Yangarra Resources faces a critical leadership transition following the passing of Chairman Gordon Bowerman. YGRAF's operational momentum includes improved interval results and a potentially strong balance sheet reset. The company's future hinges on replenishing industry-experienced leadership.
Yangarra Resources Ltd. (OTCMKTS:YGRAF - Get Free Report) rose 0% during trading on Thursday. The company traded as high as $1.02 and last traded at $0.9890. Approximately 49,459 shares traded hands during trading, an increase of 6% from the average daily volume of 46,718 shares. The stock had previously closed at $0.9887. Yangarra Resources
Yangarra Resources is positioned for a strong cash flow boost from a new bottom hole pump that roughly doubles well production. Recent technology advances and higher commodity prices could accelerate debt reduction and enhance profitability. Existing infrastructure and in-house oilfield services further lower costs.
