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BRIEF-Yangarra announces reports Q2 basic loss per share of C$0.05

Published 2015-08-11, 06:46 p/m
© Reuters.  BRIEF-Yangarra announces reports Q2 basic loss per share of C$0.05
YGR
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Aug 11 (Reuters) - Yangarra Resources Ltd YGR.TO :
* Announces second quarter 2015 financial and operating results
* Daily production averaging 2,155 boe/d for the quarter, a 17% decrease from the same period in 2014
* Qtrly oil and gas sales, after royalties, were $5.8 million, a 57% decrease
* Q2 basic loss per share C$0.05
* Says "reduced rig count over the past 6 months has helped create spare firm transportation and processing capacity"
* Q2 earnings of $0.04 per share - basic, before-tax
* Arrangements made to divert currently shut-in 650 boe/d to alternate plant outside james river gas infrastructure system
* Production was negatively impacted by rolling tcpl sales line shut downs with daily production averaging 2,155 boe/d for quarter
* Estimate 650 boe/d impacted by shut downs during Q2, consisting mainly of oil and representing about $2.5 million of lost revenue
* Source text for Eikon ID:nCNW5vNJga
* Further company coverage YGR.TO

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