BRIEF-Yangarra Resources says Q4 production fell 14 pct to 2,624 boe/d

Wed Mar 16, 2016 5:48pm EDT
 
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March 16 (Reuters) - Yangarra Resources Ltd

* Yangarra announces 2015 year end financial and operating results

* Budget is expected to increase company's annual production to 2,750 - 3,000 boe/d with cash flow from operations estimated at $22 million

* Qtrly adjusted ebitda, which excludes changes in derivative financial instruments, was $4.5 million

* Q4 2015 production of 2,624 boe/d is a decrease of 14%

* Board of directors has approved an initial capital budget of $24 million in 2016 Source text for Eikon: Further company coverage: