Yangarra Resources Ltd. · TSX:YGR
Yangarra Resources — Investor Presentation (September 2026)
24 slides from Yangarra Resources's investor presentation, September 2026
Slide 1: Corporate Presentation
Corporate Presentation September 2026 1
Slide 2: Rapidly Growing Oil Mix
Rapidly Growing Oil Mix Yangarra provides a 2027 flat capital program scenario versus 2026 with 70% of capital spent on the Belly River (1) 10,500 $120mm $40mm 24 wells boe/d avg. 2027E 2027E cash flow 2027E free cash flow $80mm program 28.5% oil · 50% total liquids US$75 WTI · C$2.25 AECO 24.2% FCF
Slide 3: Corporate Highlights
Corporate Highlights • Low-cost operator • Best in class drilling & completion costs • Industry leading G&A/boe • ARO of $18.1 MM (discounted) • 100% owned and operated infrastructure • 350+ drilling locations within stacked formations (Belly River, Cardium & Mannville) • 20+ years of inventory 3
Slide 4: Belly River Highlights
Belly River Highlights • $2.6 MM drill and complete costs • 65-70% liquids • 9-month payout/157% IRRs • 46 drilling locations, with an additional 60 prospective drilling locations through delineation • 98% working interest in the YGR acreage • 100% owned and operated infrastructure 4
Slide 5: Chambers Belly River Oil Wells
Chambers Belly River Oil Wells 500 450 400 | 350 300 Field Production (BOE/d) 0 1 37 73, 109 «#145 #181 217 00/01-02 00/02-02 00/15-05 00/15-34 253 289 00/08-08 02/03-27 325 361 397 433 469 505 541 577 613 649 Operating Days 00/08-34 00/12-03 00/12-31 00/13-03 02/06-34 02/12-34 02/15-08 02/16-08 685
Slide 6: Chambers Belly River Economics and Type Curve
Chambers Belly River Economics and Type Curve Well Inputs Costs - D&C ($MM) $2.60 Variable Op Costs ($/boe) $8.50 Pricing US$ WTI (US$/bbl) $75.00 Exchange (USD/CAD) 0.72 C$ WTI (C$/bbl) $103.50 Edmonton Par (C$/bbl) $101.00 NGL’s (Blended) $50.25 AECO ($/mcf) $2.25 Well Outputs Cum. Oil 93.5 Cum. m
Slide 7: Cardium Highlights
Cardium Highlights • $3.5 MM drill and complete costs • 50-60% liquids • 100+ drilling locations • 98% working interest in the YGR acreage • 100% owned and operated infrastructure • 180+ other Cardium drilling locations outside of the Chambers area 7
Slide 8: Chambers Cardium Wells
Chambers Cardium Wells 500 450 400 | Field Production (BOE/d) 50 - - 0) 1 52 103 154 205 256 307 358 409 460 511 562 613 664 715 766 817 868 919 970 1021 1072 Operating Days 00/01-07 00/01-35 00/02-17 00/02-35 00/06-34 00/09-34 00/15-30 00/16-30 02/01-31 02/03-04 02/03-35 02/04-35 02/10-34 03/12-34
Slide 9: Chambers Cardium Economics and Type Curve
Chambers Cardium Economics and Type Curve Well Inputs Costs - D&C ($MM) $3.50 Variable Op Costs ($/boe) $8.50 Pricing US$ WTI (US$/bbl) $75.00 Exchange (USD/CAD) 0.72 C$ WTI (C$/bbl) $103.50 Edmonton Par (C$/bbl) $101.00 NGL’s (Blended) $50.25 AECO ($/mcf) $2.25 Well Outputs Cum. Oil 82.6 Cum. mboe
Slide 10: Geology
Geology Chambers Belly River and Cardium Development ‘BASAL BELLY RIVER A SANDSTONE + He CARDIUM SANDSTONE EEE EREEE EE A at i
Slide 11: Owned & operated OFS group
• 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 11
Slide 12: 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 12
Slide 13: 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 13
Slide 14: Corporate Reserves
Corporate Reserves PDP TP P+P Present Value (NPV10, before Tax) 454,244,000 825,193,000 1,112,108,000 Adjusted Net Debt (106,760,000) (106,760,000) (106,760,000) Asset Retirement Obligation (Discounted) (17,155,000) (17,155,000) (17,155,000) Net Asset Value (“NAV”) 330,329,000 701,278,000 988,193,00
Slide 15: 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 16: Corporate Snapshot
Corporate Snapshot Capitalization Summary Q2 Share Price (Sep 25) $1.44 Production 10,078 boe/d Basic Shares 105.6 Liquids Weighting 44% Options/RSUs 7.1 Funds Flow from Operations $26.0 MM Fully Diluted 112.7 Corporate Decline 25-30% Basic Mkt. Cap. $162.3 Q2 2026 Net Debt $110.0 • Current 18% basi
Slide 17: Leadership
Leadership Management Team Board of Directors Jim Evaskevich* 30+ years of extensive executive experience Jim Evaskevich See bio in management team. CEO Strong field & drilling operational background Executive Chairman Gurdeep Gill, CFA* 20+ years of experience in capital markets Dale Miller Prairie
Slide 18: Risk Management, Presentation Footnotes & Forward Looking Statements
Appendix Risk Management, Presentation Footnotes & Forward Looking Statements
Slide 19: Presentation Footnotes
September 2026 Presentation Footnotes Slide 2: • 2027E scenario assumes $80mm capital program, 24 wells drilled and 70% of the capital program on the Belly River. The Belly River type curve is disclosed in slide xx and the Cardium type curve is Yangarra’s corporate Cardium type curve. Cash flow assu
Slide 20: Presentation Footnotes Cont.
September 2026 Presentation Footnotes Cont. Additional Information/Terminology: Gas converted at 6 mcf : 1 barrel of equivalent basis (BOE) 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
Slide 21: This presentation contains a summary of management's assessment of results and should be read
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 22: The forward-looking statements contained in this presentation are made as of the date on
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 23: This presentation contains references to measures used in the oil and natural gas industry
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 24: Natural gas has been converted to a barrel of oil equivalent (Boe) using 6,000
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
Yangarra Resources — Investor Presentation (September 2026) on 6ix