{"success":true,"data":{"pressRelease":{"id":"153721","rtpr_id":"nGNX9jpTB6-20260928","ticker":"YGR","exchange":"TSX","all_tickers":["YGR"],"title":"Yangarra Announces Operations Update","author":"Globe Newswire","published_at":"2026-09-28T09:00:00.099Z","article_body":"CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd.\n(\"Yangarra\" or the \"Company\") (TSX:YGR) provides an operations update\nunderscoring the continued momentum of its Chambers Belly River development\nprogram and the strategic value of its integrated oilfield services platform.\n\nOver the past two years, Yangarra has drilled 17 Belly River wells in\nChambers, and materially advanced its Chambers Belly River program through a\ndisciplined capital program totaling $58 million for drilling, completions and\nrelated land acquisitions. By the end of Q3 2026, the Company expects the\nChambers Belly River program to have generated $45 million of cash flow,\ndemonstrating the strength of the play. Current Belly River production is\n1,450 boe/d (72% liquids), and Yangarra has assembled 106 future Belly River\ndrilling locations in Chambers. The Company is evaluating a new area that\ncould significantly expand its Belly River inventory and further enhance the\ndepth of its development portfolio.\n\nYangarra’s Belly River development continues to benefit from optimized well\ndesign and field operations. A new design with a larger bottom hole pump\ndelivered 2.5 times the productivity of the prior design on an IP90 basis in a\ndirect offset comparison. Yangarra is advancing cost-effective initiatives to\nimprove run-times and production.\n\nDuring the third quarter, Yangarra completed farm-in commitments in South\nChambers on several Cardium wells. These wells earn both Cardium and Belly\nRiver rights and are expected to be completed in the fourth quarter as natural\ngas prices strengthen into the winter season. The balance of Yangarra’s\ndrilling program will continue to prioritize Belly River development and\nfurther delineation into West Chambers, supporting the Company’s focus on\nscalable, repeatable and capital-efficient growth opportunities.\n\nAs global oil prices strengthen and industry activity increases, Yangarra\nbelieves it is well positioned to benefit from the competitive advantage\nprovided by its in-house oilfield services group (“OFS Group”). In an\nenvironment characterized by rising field service costs and tighter access to\nequipment and personnel, the OFS Group enhances Yangarra’s cost control,\nexecution certainty and operational flexibility. As industry investment\naccelerates, this integrated platform will mitigate inflationary pressures,\npreserve the Company’s cost advantage and support efficient execution of its\ndevelopment plans.\n\nYangarra has updated its corporate presentation with additional information on\nthe Company’s strategy, operations and development outlook. The presentation\nis available on the Company’s website at www.yangarra.ca.\n\nForward Looking Information\n\nThis press release contains forward-looking statements and forward-looking\ninformation (collectively \"forward-looking information\") within the meaning of\napplicable securities laws relating to the Company’s plans and other aspects\nof our anticipated future operations, management focus, strategies, financial,\noperating and production results and business opportunities. Forward-looking\ninformation typically uses words such as \"anticipate\", \"believe\",\n“continue”, “sustain”, \"project\", \"expect\", “forecast”,\n“budget”, \"goal\", “guidance”, \"plan\", “objective”, “strategy”,\n“target”, \"intend\" or similar words suggesting future outcomes, statements\nthat actions, events or conditions \"may\", \"would\", \"could\" or \"will\" be taken\nor occur in the future, including, but not limited to, statements on potential\ncompletion techniques being considered. Statements relating to \"reserves\" are\nalso deemed to be forward-looking statements, as they involve the implied\nassessment, based on certain estimates and assumptions, that the reserves\ndescribed exist in the quantities predicted or estimated and that the reserves\ncan be profitably produced in the future. Forward-looking information in this\nrelease includes information relating to, among other things, the Company’s\ndrilling and completion plans; the timing of wells being brought onstream;\nanticipated production levels, expected performance and payback; and the\nCompany’s future drilling, completion, development and capital expenditure\nplans.\n\nThe forward-looking information is based on certain key expectations and\nassumptions made by our management, including expectations and assumptions\nconcerning prevailing commodity prices, exchange rates, interest rates,\napplicable royalty rates and tax laws; future production rates and estimates\nof operating costs; performance of existing and future wells; reserve volumes;\nanticipated timing and results of capital expenditures; the success obtained\nin drilling new wells; the sufficiency of budgeted capital expenditures in\ncarrying out planned activities; benefits to shareholders of our programs and\ninitiatives, the timing, location and extent of future drilling operations;\nthe state of the economy and the exploration and production business; results\nof operations; performance; business prospects and opportunities; the\navailability and cost of financing, labour and services; the impact of\nincreasing competition; ability to efficiently integrate assets and employees\nacquired through acquisitions, ability to market oil and natural gas\nsuccessfully and our ability to access capital.\n\nAlthough we believe that the expectations and assumptions on which such\nforward-looking information is based are reasonable, undue reliance should not\nbe placed on the forward-looking information because Yangarra can give no\nassurance that they will prove to be correct. Since forward-looking\ninformation addresses future events and conditions, by its very nature they\ninvolve inherent risks and uncertainties. Our actual results, performance or\nachievement could differ materially from those expressed in, or implied by,\nthe forward-looking information and, accordingly, no assurance can be given\nthat any of the events anticipated by the forward-looking information will\ntranspire or occur, or if any of them do so, what benefits that we will derive\ntherefrom. Management has included the above summary of assumptions and risks\nrelated to forward-looking information provided in this press release in order\nto provide security holders with a more complete perspective on our future\noperations and such information may not be appropriate for other purposes.\n\nReaders are cautioned that the foregoing lists of factors are not exhaustive.\nAdditional information on these and other factors that could affect our\noperations or financial results are included in reports on file with\napplicable securities regulatory authorities and may be accessed through the\nSEDAR+ website (www.sedarplus.ca).\n\nThese forward-looking statements are made as of the date of this press release\nand we disclaim any intent or obligation to update publicly any\nforward-looking information, whether as a result of new information, future\nevents or results or otherwise, other than as required by applicable\nsecurities laws.\n\nAll reference to $ (funds) are in Canadian dollars.\n\nNeither the TSX nor its Regulation Service Provider (as that term is defined\nin the Policies of the TSX) accepts responsibility for the adequacy and\naccuracy of this release.\n\nFor further information, please contact James Evaskevich, CEO 403-262-9558.\n\nThis press release was published by a CLEAR® Verified individual.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0fe335a3-565d-4ebc-aef5-1007a3a47d1e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9jpTB6-20260928","title":"Yangarra Announces Operations Update","author":"Globe Newswire","ticker":"YGR","created":"2026-09-28T09:00:00.099Z","tickers":["YGR"],"exchange":"TSX","article_body":"CALGARY, Alberta, Sept. 28, 2026 (GLOBE NEWSWIRE) -- Yangarra Resources Ltd.\n(\"Yangarra\" or the \"Company\") (TSX:YGR) provides an operations update\nunderscoring the continued momentum of its Chambers Belly River development\nprogram and the strategic value of its integrated oilfield services platform.\n\nOver the past two years, Yangarra has drilled 17 Belly River wells in\nChambers, and materially advanced its Chambers Belly River program through a\ndisciplined capital program totaling $58 million for drilling, completions and\nrelated land acquisitions. By the end of Q3 2026, the Company expects the\nChambers Belly River program to have generated $45 million of cash flow,\ndemonstrating the strength of the play. Current Belly River production is\n1,450 boe/d (72% liquids), and Yangarra has assembled 106 future Belly River\ndrilling locations in Chambers. The Company is evaluating a new area that\ncould significantly expand its Belly River inventory and further enhance the\ndepth of its development portfolio.\n\nYangarra’s Belly River development continues to benefit from optimized well\ndesign and field operations. A new design with a larger bottom hole pump\ndelivered 2.5 times the productivity of the prior design on an IP90 basis in a\ndirect offset comparison. Yangarra is advancing cost-effective initiatives to\nimprove run-times and production.\n\nDuring the third quarter, Yangarra completed farm-in commitments in South\nChambers on several Cardium wells. These wells earn both Cardium and Belly\nRiver rights and are expected to be completed in the fourth quarter as natural\ngas prices strengthen into the winter season. The balance of Yangarra’s\ndrilling program will continue to prioritize Belly River development and\nfurther delineation into West Chambers, supporting the Company’s focus on\nscalable, repeatable and capital-efficient growth opportunities.\n\nAs global oil prices strengthen and industry activity increases, Yangarra\nbelieves it is well positioned to benefit from the competitive advantage\nprovided by its in-house oilfield services group (“OFS Group”). In an\nenvironment characterized by rising field service costs and tighter access to\nequipment and personnel, the OFS Group enhances Yangarra’s cost control,\nexecution certainty and operational flexibility. As industry investment\naccelerates, this integrated platform will mitigate inflationary pressures,\npreserve the Company’s cost advantage and support efficient execution of its\ndevelopment plans.\n\nYangarra has updated its corporate presentation with additional information on\nthe Company’s strategy, operations and development outlook. The presentation\nis available on the Company’s website at www.yangarra.ca.\n\nForward Looking Information\n\nThis press release contains forward-looking statements and forward-looking\ninformation (collectively \"forward-looking information\") within the meaning of\napplicable securities laws relating to the Company’s plans and other aspects\nof our anticipated future operations, management focus, strategies, financial,\noperating and production results and business opportunities. Forward-looking\ninformation typically uses words such as \"anticipate\", \"believe\",\n“continue”, “sustain”, \"project\", \"expect\", “forecast”,\n“budget”, \"goal\", “guidance”, \"plan\", “objective”, “strategy”,\n“target”, \"intend\" or similar words suggesting future outcomes, statements\nthat actions, events or conditions \"may\", \"would\", \"could\" or \"will\" be taken\nor occur in the future, including, but not limited to, statements on potential\ncompletion techniques being considered. Statements relating to \"reserves\" are\nalso deemed to be forward-looking statements, as they involve the implied\nassessment, based on certain estimates and assumptions, that the reserves\ndescribed exist in the quantities predicted or estimated and that the reserves\ncan be profitably produced in the future. Forward-looking information in this\nrelease includes information relating to, among other things, the Company’s\ndrilling and completion plans; the timing of wells being brought onstream;\nanticipated production levels, expected performance and payback; and the\nCompany’s future drilling, completion, development and capital expenditure\nplans.\n\nThe forward-looking information is based on certain key expectations and\nassumptions made by our management, including expectations and assumptions\nconcerning prevailing commodity prices, exchange rates, interest rates,\napplicable royalty rates and tax laws; future production rates and estimates\nof operating costs; performance of existing and future wells; reserve volumes;\nanticipated timing and results of capital expenditures; the success obtained\nin drilling new wells; the sufficiency of budgeted capital expenditures in\ncarrying out planned activities; benefits to shareholders of our programs and\ninitiatives, the timing, location and extent of future drilling operations;\nthe state of the economy and the exploration and production business; results\nof operations; performance; business prospects and opportunities; the\navailability and cost of financing, labour and services; the impact of\nincreasing competition; ability to efficiently integrate assets and employees\nacquired through acquisitions, ability to market oil and natural gas\nsuccessfully and our ability to access capital.\n\nAlthough we believe that the expectations and assumptions on which such\nforward-looking information is based are reasonable, undue reliance should not\nbe placed on the forward-looking information because Yangarra can give no\nassurance that they will prove to be correct. Since forward-looking\ninformation addresses future events and conditions, by its very nature they\ninvolve inherent risks and uncertainties. Our actual results, performance or\nachievement could differ materially from those expressed in, or implied by,\nthe forward-looking information and, accordingly, no assurance can be given\nthat any of the events anticipated by the forward-looking information will\ntranspire or occur, or if any of them do so, what benefits that we will derive\ntherefrom. Management has included the above summary of assumptions and risks\nrelated to forward-looking information provided in this press release in order\nto provide security holders with a more complete perspective on our future\noperations and such information may not be appropriate for other purposes.\n\nReaders are cautioned that the foregoing lists of factors are not exhaustive.\nAdditional information on these and other factors that could affect our\noperations or financial results are included in reports on file with\napplicable securities regulatory authorities and may be accessed through the\nSEDAR+ website (www.sedarplus.ca).\n\nThese forward-looking statements are made as of the date of this press release\nand we disclaim any intent or obligation to update publicly any\nforward-looking information, whether as a result of new information, future\nevents or results or otherwise, other than as required by applicable\nsecurities laws.\n\nAll reference to $ (funds) are in Canadian dollars.\n\nNeither the TSX nor its Regulation Service Provider (as that term is defined\nin the Policies of the TSX) accepts responsibility for the adequacy and\naccuracy of this release.\n\nFor further information, please contact James Evaskevich, CEO 403-262-9558.\n\nThis press release was published by a CLEAR® Verified individual.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0fe335a3-565d-4ebc-aef5-1007a3a47d1e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-28T09:00:00.15516582Z","server_sent_at_ms":1790586000155},"received_at":"2026-09-28T09:00:00.325Z","source_url":null},"analysis":{"id":"142517","press_release_id":"153721","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["Forward-looking production and cash-flow figures depend on commodity price assumptions; all dollar figures in Canadian dollars"],"eventType":"operations_update","narrative":"Yangarra Resources provided an operations update on its Chambers Belly River development, with 17 wells drilled over two years under a $58 million capital program.\n\nBy the end of Q3 2026, the program is expected to have generated $45 million of cash flow; current Belly River production is 1,450 boe/d (72% liquids) with 106 future drilling locations inventory.\n\nA new well design with a larger bottom hole pump delivered 2.5 times the productivity of the prior design on an IP90 basis in offset comparison, and the company highlights its in-house oilfield services group as a cost and execution advantage as industry activity increases.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Steady Belly River progress with 2.5x productivity uplift from new well design; integrated OFS platform positioned as inflation hedge."},"keyFigures":{"customDimensions":{"capital_program_cad":"$58 million","belly_river_production":"1,450 boe/d (72% liquids)","wells_drilled_two_years":17,"future_drilling_locations":106,"expected_program_cash_flow":"$45 million by end of Q3 2026","new_well_design_productivity_uplift":"2.5x on an IP90 basis"}},"quotedText":"Current Belly River production is 1,450 boe/d (72% liquids), and Yangarra has assembled 106 future Belly River drilling locations in Chambers.","namedEntities":{"people":[{"name":"James Evaskevich","role":"CEO"}],"products":["Chambers Belly River program","OFS Group"],"companies":[{"name":"Yangarra Resources Ltd.","ticker":"YGR","relationship":"filer"}],"dollarAmounts":[{"amount":"$58 million","context":"Chambers Belly River capital program (drilling, completions, land acquisitions)"},{"amount":"$45 million","context":"expected program cash flow by end of Q3 2026"}]},"materialImpact":{"score":2,"reasoning":"Routine operations update highlighting development momentum and well-design improvements; no new financial results, guidance changes, or material transactions."},"tickerRelevance":{"others":[],"primary":"YGR"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap (TSX-listed E&P)","eventGravity":"routine operations update","householdBrandBoost":"none","marketCapAdjustment":"mid-tier Canadian junior producer","retailFavoriteBoost":"none"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Yangarra Resources provided an operations update on its Chambers Belly River development, with 17 wells drilled over two years under a $58 million capital program.\n\nBy the end of Q3 2026, the program is expected to have generated $45 million of cash flow; current Belly River production is 1,450 boe/d (72% liquids) with 106 future drilling locations inventory.\n\nA new well design with a larger bottom hole pump delivered 2.5 times the productivity of the prior design on an IP90 basis in offset comparison, and the company highlights its in-house oilfield services group as a cost and execution advantage as industry activity increases.","key_figures":{"customDimensions":{"capital_program_cad":"$58 million","belly_river_production":"1,450 boe/d (72% liquids)","wells_drilled_two_years":17,"future_drilling_locations":106,"expected_program_cash_flow":"$45 million by end of Q3 2026","new_well_design_productivity_uplift":"2.5x on an IP90 basis"}},"named_entities":{"people":[{"name":"James Evaskevich","role":"CEO"}],"products":["Chambers Belly River program","OFS Group"],"companies":[{"name":"Yangarra Resources Ltd.","ticker":"YGR","relationship":"filer"}],"dollarAmounts":[{"amount":"$58 million","context":"Chambers Belly River capital program (drilling, completions, land acquisitions)"},{"amount":"$45 million","context":"expected program cash flow by end of Q3 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-28T09:00:07.789Z","global_importance":18,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap (TSX-listed E&P)","eventGravity":"routine operations update","householdBrandBoost":"none","marketCapAdjustment":"mid-tier Canadian junior producer","retailFavoriteBoost":"none"}},"durationMs":7232,"modelName":"glm-5.3-flashx"}}