05:00 PM EST, 12/11/2024 (MT Newswires) -- Yangarra Resources Ltd. ( YGRAF ) at the close of trade Wednesday released its 2025 capital budget and an operations update.

The Western Canadian oil and gas producer said it is budgeting $55 million to $60 million for capital programs in 2025, aiming to maintain production at 11,250 to 11,750 barrels of oil equivalent per day. This budget is expected to generate $85 million to $90 million in cash flow, including $30 million in free cash flow.

Yangarra also said it completed a farm-in on 11 sections of land in the Chambers area, adding up to 50 new potential drilling locations, adding it must drill two wells in 2025 to earn these lands.

The company also said production impacted by third-party turnarounds was back online by early October, and the company brought on eight new wells in the fourth quarter. Yangarra will finish the year with two drilled uncompleted wells, which will be completed in January.

The company also completed its semi-annual banking review, resulting in a re-determined credit facility of $130 million. The next review will take place on May 31.

Yangarra shares closed up $0.01 to $1.00 on the Toronto Stock Exchange.