Small-cap Yangarra Resources has indicated that its 2016 capital program, which really started to kick in during the fourth quarter, should help annual production for last year to be in the 2,750 to 3,000 barrels of oil equivalent per day range, a 15-25 -per-cent increase from 2015. The program included four extended reach Cardium drilled wells.
The most recent insider purchase took place on Jan. 9 when Director Neil MacKenzie bought 50,000 shares at $1.95. The week before he also bought 50,000 shares while an officer sold.
Disclaimer:
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.