Yangarra Resources Ltd. provided production and earnings guidance for the fourth quarter of 2016. For the fourth quarter the production for 2016 averaged approximately 2,930 boe/d compared to 3,100 boe/d a year ago 23% growth from 2015. Current production is approximately 4,000 boe/d. The company drilled five extended reach wells in the Cardium and completed its standing Duvernay well in 2016, with all operations conducted in the second half of the year. Four of the five Cardium wells were on-stream in 2016, with the fifth well completed over year end and will be on-stream by the end of January 2017. The company expects capital to be approximately CAD 13 million, bringing the total capital spent in 2016 to CAD 31 million. Cash flow is expected to be CAD 6 million resulting in year- end net debt of CAD 65 million and annualized debt to cash flow of 2.7 to 1.0. The company's board of directors approved an initial capital budget of CAD 50 million for 2017. The 2017 capital budget includes drilling of 15 ERW's in the Cardium, five wells in the first quarter and ten wells in the second half. The budget is expected to increase the company's annual 2017 production to 4,500 – 5,000 boe/d with cash flow from operations estimated at CAD 45 to CAD 50 million.  For the year 2017, the company expects year-end 2017 net debt of CAD 65 to CAD 70 million resulting in a debt to annual cash flow ratio of 1.3 – 1.6 to 1.