YO

Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to
provide an update of operations at Kaybob, Alberta and Nig, British Columbia.


Kaybob, Alberta

At Kaybob, Yoho's recently drilled Duvernay wells at Tony Creek at 14-21-62-21
W5 (75% working interest) and at 1-16-62-21 W5 (75% working interest) (press
release February 4, 2013) along with the 13-22-62-21 W5 well (50% working
interest) have been on-stream and producing from one to four weeks. Total
production from these three wells is currently estimated at 1,400 net (2,100
gross) boe per day (net 4.0 MMcf per day and net 730 barrels of natural gas
liquids of which approximately 65% is condensate). Field netbacks for the
Company's' Duvernay production were $39.61 per boe during fiscal Q1. Yoho's
current corporate production is estimated at 3,600 to 3,700 boe per day,
including the early production from these wells. The high liquids content of the
Company's natural gas production (100 - 160 barrels per Mmcf) from the Duvernay
formation makes this play's economics very attractive at current commodity
prices. Yoho's drilling and production results to date have been encouraging and
costs have continued to come down. The Duvernay program continues to generate
momentum and, as a result, Yoho plans to drill up to 4 gross (2 net) wells here
by the end of 2013.


Also at Kaybob, Yoho has acquired a 25% working interest in three additional
highly-prospective sections of Duvernay P&NG rights in the gas-condensate
window. The additional land is located approximately 1 1/2 miles from the
Company's land at Tony Creek. Subsequent to this acquisition, the Company's
current Duvernay land position at Kaybob is 57 gross (21.75 net) sections. Yoho
has an estimated 150 additional net Duvernay development drilling locations on
existing lands at Kaybob.


In a separate transaction, Yoho purchased gross overriding royalties from a
third-party on eight gross sections of its Duvernay lands, including those lands
containing the three Tony Creek wells mentioned above. The gross overriding
royalties ranged from 4% to 6% on the Company's Duvernay production and resulted
from farm-in agreements that Yoho negotiated previously. 


Nig, British Columbia

At Nig, British Columbia, Yoho has closed an asset exchange transaction with its
partner in the Nig lands whereby each party exchanged 50% of their working
interest in certain lands. As a result of this transaction, Yoho now holds 100%
in 29 gas spacing units in the southern land block at Nig in exchange for the
Company's interest in the northern land block at Nig. This transaction was
completed with only very minor changes in net production, reserves and net
present value.


About Yoho

Yoho Resources Inc. is a Calgary based junior oil and natural gas company with
operations focusing in West Central Alberta and northeast British Columbia. The
common shares of Yoho are listed on the TSX Venture Exchange under the symbol
"YO". 


This press release shall not constitute an offer to sell or a solicitation of an
offer to buy the securities in any jurisdiction. The common shares of Yoho will
not be and have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States, or to a
U.S. person, absent registration or applicable exemption therefrom. 


Cautionary Statements

Special Note Regarding Forward-Looking Information

In the interest of providing readers with information regarding Yoho, including
management's assessment of the future plans and operations of Yoho, certain
statements contained in this news release constitute forward-looking statements
or information (collectively "forward-looking statements") within the meaning of
applicable securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate", "expect",
"forecast", "may", "will", "project", "could", "plan", "intend", "should",
"believe", "outlook", "potential", "target" and similar words suggesting future
events or future performance. In particular but without limiting the foregoing,
this news release contains forward-looking statements pertaining to the
following: the Company's expectations regarding the Company's assessment of the
economics of the Duvernay play; the Company's drilling plans in fiscal 2013; and
the Company's view on the prospectivity of its Kaybob land holdings. 


With respect to forward-looking statements contained in this document, Yoho has
made a number of assumptions. The key assumptions underlying the aforementioned
forward-looking statements include assumptions that: (i) facilities the timing
of the repairs and other maintenance items for certain facilities and other
infrastructure in the Kaybob area will conducted as currently expected by Yoho;
(ii) that well decline rates and other production levels will be consistent with
Yoho's expectations and forecasts; (iii) that commodity prices will be
maintained such that the economics of Yoho's projects described in this press
release will continue to justify management's belief of the economics on the
play; and (iv) that Yoho will be able to execute its anticipated drilling
program at Kaybob of up to 4 gross (2 net) wells in the time frame contemplated
herein. Certain or all of the forgoing assumptions may prove to be untrue.


Certain information regarding Yoho set forth in this document may constitute
forward-looking statements under applicable securities laws and necessarily
involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond Yoho's control, including without limitation, risks
associated with oil and gas exploration, development, exploitation, production,
marketing and transportation, reliance on third parties, loss of markets,
volatility of commodity prices, environmental risks, inability to obtain
drilling rigs or other services, capital expenditure costs, including drilling,
completion and facility costs, unexpected decline rates in wells, wells not
performing as expected, delays resulting from or inability to obtain required
regulatory approvals and ability to access sufficient capital from internal and
external sources, the impact of general economic conditions in Canada, the
United States and overseas, industry conditions, changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management and fluctuations in foreign
exchange or interest rates. Readers are cautioned that the foregoing list of
factors is not exhaustive.


Yoho's actual results, performance or achievement could differ materially from
those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits that the Company will derive therefrom. All subsequent
forward-looking statements, whether written or oral, attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Additional information on these and other factors
that could affect Yoho's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com) or Yoho's website
(www.yohoresources.ca).


The forward-looking statements contained in this document are made as at the
date of this news release and Yoho does not undertake any 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 may be
required by applicable securities laws.


BOE Equivalency 

Barrel of oil equivalents or boes may be misleading, particularly if used in
isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. Given the value ratio based
on the current price of crude oil as compared to natural gas is significantly
different from the energy equivalency of 6 mcf: 1 bbl, utilizing a conversion
ratio of 6 Mcf: 1 bbl may be a misleading indication of value.


Non-IFRS Measure

In this press release the Company makes reference to the term "field netbacks"
which is a non-IFRS financial measures that does not have any standardized
meaning prescribed by IFRS and is therefore unlikely to be comparable to similar
measures presented by other issuers. The Company uses "field netbacks" as a key
performance indicator. "Field netbacks" is determined by deducting royalties and
operating and transportation expenses from petroleum and natural gas sales
revenue. The Company considers "field netbacks" a key measure in assessing the
efficiency of its oil and gas assets.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Yoho Resources Inc.
Wendy S. Woolsey, CA
Vice President, Finance and CFO
(403) 537-1771
www.yohoresources.ca

Yoho Resources Inc. (TSXV:YO)
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부터 4월(4) 2024 으로 5월(5) 2024

Yoho Resources Inc. (TSXV:YO)
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부터 5월(5) 2023 으로 5월(5) 2024