Yangarra Resources Ltd. · TSX:YGR
Yangarra Resources — Investor Presentation (May 2026)
23 slides from Yangarra Resources's investor presentation, May 2026
Slide 1: Corporate Presentation May 2026
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Slide 2: Corporate Highlights
Corporate Highlights • Low-cost operator • Best in class drilling & completion costs • Industry leading G&A/boe • ARO of $17.5 MM (discounted) • 100% owned and operated infrastructure • 350+ drilling locations within stacked formations (Belly River, Cardium & Mannville) • 20+ years of inventory
Slide 3: Belly River Highlights
Belly River Highlights • $2.6 MM drill and complete costs • 65-70% liquids • 10-month payout / 143% IRRs • 40+ drilling locations, with an additional 60 prospective drilling locations through delineation • 98% working interest • 100% owned and operated infrastructure
Slide 4: Chambers Belly River Oil Wells
Chambers Belly River Oil Wells 550 _) New Well - New Style 7Z7 |Frac & Bigger Pump 500 |_@ 450 400 Average Yangarra Well om om 350 2 Installed Bigger Pump 300 LAA 250 Field Production (BOE/d) 1 2 3 4 5 6 7 8 9 10 iti 12 Operating Months
Slide 5: Chambers Belly River Economics and Type Curve
Chambers Belly River Economics and Type Curve 20 Well Inputs Costs - D&C ($MM) $2.60 165 Variable Op Costs ($/boe) $8.25 gs 8 = Pricin: 5 10 J g US$ WTI (USS/bb)) $70.00 3 & Exchange (USD/CAD) 074 zd C$ WTI (C$/bb)) $94.50 Edmonton Par (C$/bbl) $89.10 ° NGLs (Blended) $44.33 6 2 18 24 30 36 2 4 5A 6
Slide 6: Cardium Highlights
Cardium Highlights • $3.25 MM drill and complete costs • 50-60% liquids • 12-month payout / 99% IRRs • 100+ drilling locations • 98% working interest in the YGR acreage • 100% owned and operated infrastructure • 180+ other Cardium drilling locations outside of the Chambers area
Slide 7: Chambers Cardium Wells
Chambers Cardium Wells 600 500 ~— Average Yangarra Well om om 400 300 Field Production (BOE/d) 200 —=——— Higher Liquids Weighting ————— 100 1 2 3 4 5 6 vA 8 9 10 1 12 Operating Months
Slide 8: Chambers Cardium Economics and Type Curve
mbers Cardium Economics and Type Curve 400 Well Inputs Costs - D&C (SMM) $3.25 300 [fe Variable Op Costs ($/boe) $8.25 s 3 3 oe a Pricing & 20 g US$ WTI (US$/bb)) $70.00 3 rg Exchange (USD/CAD) 074 mo C$WTI (C$/bbI) $94.50 Edmonton Par (C$/bbl) $89.10 ° NGUs (Blended) $42.10 6 2 18 24 30 36 2 48 s4
Slide 9: Geology
Geology Chambers Belly River and Cardium Development ‘BASAL BELLY RIVER A SANDSTONE + He CARDIUM SANDSTONE EEE EREEE EE A at i
Slide 10: Owned & operated OFS group, vertically integrated
• Owned & operated OFS group • Works exclusively for Yangarra Vertically integrated Emulsion hauling Crew maintenance Chemical and De-Wax crews Pumping trucks & wireline Clean oil hauling using our trucks Blending results in better realized pricing
Slide 11: Internal crews to move and support the rig
• Internal crews to move and support the rig • In-house crews for frac support and water access • Owned and operated equipment used to build surface leases • Efficiency achieved through repetitive work
Slide 12: Built by Yangarra employees: pipelines, facilities, leases
• Built by Yangarra employees: pipelines facilities leases • Company grader has doubled life of operating trucks, reduced towing by 90% and reduced friction with landowners & county
Slide 13: 2P reserve bookings based on five-year capital program
• 2P reserve bookings are based on a five-year capital program in the reserve report leaving - 70% of Yangarra’s land base un-booked
Slide 14: Yangarra Chem Stims – Mitigating Declines
Yangarra Chem Stims – Mitigating Declines Stim Program Stim Comparsion on Chedderville Pad • Stims allow Yangarra 100.00 Post Stim 1-Year Declines to actively manage 2024 Stim Costs Stim 1 – Up 288% declines on wells 90.00 3rd Party Shut-in Stim 2 – Down 14% Stim Style 1 - $35k • Depending upon stim
Slide 15: Insider ownership and bank line
• Current 23% basic insider ownership (28% fully diluted) • Bank line $140MM
Slide 16: Leadership
Leadership Management Team Board of Directors Jim Evaskevich* 30+ years of extensive executive experience CEO Strong field & drilling operational background Gurdeep Gill, CFA* 20+ years of experience in capital markets President Previously head of investment banking at AltaCorp AltaCorp Capital Inc.
Slide 17: Appendix
Appendix Risk Management, Presentation. Footnotes & Forward Looking Statements
Slide 18: Slide footnotes
Slide 2, 3 & 6: • Land rights shown on the maps as Yangarra owned contains sections with different ownership percentages and different geological horizons. Land shown in yellow represents a section where Yangarra at least owns a percentage in one geological horizon. Not all sections contain Belly Ri
Slide 19: Non-IFRS and Additional IFRS Measures
Non-lFRS and Additional IFRS Measures This document contains "funds flow from (used in) operations", which is an additional IFRS measure. The Company uses funds flow generated from (used in) operations as a key measure to demonstrate the Company's ability to generate funds to repay debt and fund fut
Slide 20: Forward-looking statements
This presentation contains a summary of management's assessment of results and should be read in conjunction with the Consolidated Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2025, as filed on the SEDAR profile of Yangarra Resources Ltd. (the
Slide 21: Forward-looking statements (continued)
The forward-looking statements contained in this presentation are made as of the date on the front page and the Company assumes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as
Slide 22: Oil and gas industry measures
This presentation contains references to measures used in the oil and natural gas industry such as "netback", "net debt" and "cash flow". These measures do not have standardized meanings prescribed by International Financial Reporting Standards ("IFRS") and therefore should not be considered in isol
Slide 23: Boe conversion and reserve definitions
Natural gas has been converted to a barrel of oil equivalent (Boe) using 6,000 cubic feet (6 Mcf) of natural gas equal to one barrel of oil (6:1), unless otherwise stated. The Boe conversion ratio of 6 Mcf to 1 Bbl is based on an energy equivalency conversion method and does not represent a value eq
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